Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. AECOM shares valued at $1,281,755 were sold by Gan David Y. on Dec 16 ’24. At $111.46 per share, Gan David Y. sold 11,500 shares. The insider’s holdings dropped to 50,413 shares worth approximately $5.4 million following the completion of this transaction.
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Also, Gan David Y. sold 6,362 shares, netting a total of over 701,029 in proceeds. Following the sale of shares at $110.19 each, the insider now holds 44,051 shares.
Before that, Gan David Y. had sold 3,036 shares from its account. In a trade valued at $336,996, the CHIEF LEGAL OFFICER traded AECOM shares for $111.00 each. Upon closing the transaction, the insider’s holdings decreased to 3,036 shares, worth approximately $4.39 million.
As published in their initiating research note from Goldman on November 22, 2024, AECOM [ACM] has been a Buy and the price target has been revised to $130. Analysts at Truist started covering the stock with ‘”a Buy”‘ outlook in a report released in mid March. As of January 10, 2024, KeyBanc Capital Markets has initiated its “an Overweight” rating for ACM. Earlier on January 12, 2023, Credit Suisse upgraded its rating. Their new recommendation was “an Outperform” for ACM stock which previously was a “a Neutral”.
Analyzing ACM Stock Performance
During the last five days, there has been a drop of approximately -4.45%. Over the course of the year, AECOM shares have jumped approximately 15.81%. Shares of the company reached a 52-week high of $118.56 on 11/27/24 and a 52-week low of $82.23 on 07/09/24. A 50-day SMA is recorded $110.16, while a 200-day SMA reached $97.47. Nevertheless, trading volume fell to 0.7 million shares from 0.85 million shares the previous day.
Support And Resistance Levels for AECOM (ACM)
According to the 24-hour chart, there is a support level at 106.19, which, if violated, would cause prices to drop to 105.34. In the upper region, resistance lies at 108.46. The next price resistance is at 109.88. RSI (Relative Strength Index) is 33.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.01, which suggests the price will decrease in the coming days. Percent R is at 97.22%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
