Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Adtalem Global Education Inc shares valued at $361,550 were sold by BURKE WILLIAM W on Nov 29 ’24. At $90.39 per share, BURKE WILLIAM W sold 4,000 shares. The insider’s holdings dropped to 11,659 shares worth approximately $1.03 million following the completion of this transaction.
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Also, WILLIAM W. BURKE purchased 4,000 shares, netting a total of over 363,000 in proceeds.
Before that, MAYUR GUPTA had added 1,200 shares to its account. In a trade valued at $109,947, the Former Director bought Adtalem Global Education Inc shares for $91.62 each.
As published in a research note from Robert W. Baird on October 27, 2023, Adtalem Global Education Inc [ATGE] has been rated up from a Neutral to an Outperform and the price target has been revised to $55 from $47. Analysts at BMO Capital Markets upgraded the stock from ‘”a Market perform”‘ to ‘”an Outperform”‘ outlook in a report released in early July. Earlier on September 12, 2019, Sidoti initiated its rating. Their recommendation was “a Buy” for ATGE stock.
Analyzing ATGE Stock Performance
During the last five days, there has been a drop of approximately -1.11%. Over the course of the year, Adtalem Global Education Inc shares have jumped approximately 49.97%. Shares of the company reached a 52-week high of $92.93 on 11/08/24 and a 52-week low of $43.78 on 01/30/24. A 50-day SMA is recorded $84.15, while a 200-day SMA reached $69.69. Nevertheless, trading volume fell to 0.54 million shares from 0.36 million shares the previous day.
Support And Resistance Levels for Adtalem Global Education Inc (ATGE)
According to the 24-hour chart, there is a support level at 86.65, which, if violated, would cause prices to drop to 84.88. In the upper region, resistance lies at 89.64. The next price resistance is at 90.86. RSI (Relative Strength Index) is 50.84 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.51, which suggests the price will decrease in the coming days. Percent R is at 54.21%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
