Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. ACV Auctions Inc shares valued at $4,553,056 were sold by Chamoun George on Dec 10 ’24. At $21.64 per share, Chamoun George sold 210,400 shares. The insider’s holdings dropped to 872,404 shares worth approximately $18.27 million following the completion of this transaction.
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Also, Chamoun George sold 139,600 shares, netting a total of over 3,023,736 in proceeds. Following the sale of shares at $21.66 each, the insider now holds 872,404 shares.
Before that, Waterman Michael had sold 15,000 shares from its account. In a trade valued at $327,150, the Chief Sales Officer traded ACV Auctions Inc shares for $21.81 each. Upon closing the transaction, the insider’s holdings decreased to 15,000 shares, worth approximately $7.07 million.
Analysts at JP Morgan upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in early June. As of January 10, 2024, Northcoast has increased its “Neutral” rating to a “Buy” for ACVA. Earlier on July 20, 2023, B. Riley Securities initiated its rating. Their recommendation was “a Buy” for ACVA stock.
Analyzing ACVA Stock Performance
Over the course of the year, ACV Auctions Inc shares have jumped approximately 38.22%. Shares of the company reached a 52-week high of $23.46 on 11/25/24 and a 52-week low of $12.84 on 02/02/24. A 50-day SMA is recorded $20.16, while a 200-day SMA reached $18.74. Nevertheless, trading volume fell to 1.91 million shares from 1.2 million shares the previous day.
Support And Resistance Levels for ACV Auctions Inc (ACVA)
According to the 24-hour chart, there is a support level at 20.17, which, if violated, would cause prices to drop to 19.41. In the upper region, resistance lies at 21.35. The next price resistance is at 21.77. RSI (Relative Strength Index) is 48.60 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.88, which suggests the price will decrease in the coming days. Percent R is at 67.82%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
