ACV Auctions Inc’s recent filing unveils that its Chief Executive Officer Chamoun George unloaded Company’s shares for reported $4.55 million on Dec 10 ’24. In the deal valued at $21.64 per share,210,400 shares were sold. As a result of this transaction, Chamoun George now holds 872,404 shares worth roughly $18.69 million.
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Then, Chamoun George sold 139,600 shares, generating $3,023,736 in total proceeds. Upon selling the shares at $21.66, the Chief Executive Officer now owns 872,404 shares.
Before that, Waterman Michael sold 15,000 shares. ACV Auctions Inc shares valued at $327,150 were divested by the Chief Sales Officer at a price of $21.81 per share. As a result of the transaction, Waterman Michael now holds 337,842 shares, worth roughly $7.24 million.
A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in early June from “a Neutral” to “an Overweight”. Northcoast also remained covering ACVA and has increased its forecast on January 10, 2024 with a “Buy” recommendation from previously “Neutral” rating. B. Riley Securities started covering the stock on July 20, 2023. It rated ACVA as “a Buy”.
Price Performance Review of ACVA
On Monday, ACV Auctions Inc [NASDAQ:ACVA] saw its stock fall -2.15% to $21.42. Over the last five days, the stock has gained 0.89%. ACV Auctions Inc shares have risen nearly 41.39% since the year began. Nevertheless, the stocks have risen 42.51% over the past one year. While a 52-week high of $23.46 was reached on 11/25/24, a 52-week low of $12.84 was recorded on 02/02/24. SMA at 50 days reached $20.29, while 200 days put it at $18.77.
Levels Of Support And Resistance For ACVA Stock
The 24-hour chart illustrates a support level at 20.86, which if violated will result in even more drops to 20.30. On the upside, there is a resistance level at 22.12. A further resistance level may holdings at 22.81. The Relative Strength Index (RSI) on the 14-day chart is 51.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.02%. Stochastics %K at 45.88% indicates the stock is a holding.
How much short interest is there in ACV Auctions Inc?
A steep rise in short interest was recorded in ACV Auctions Inc stocks on 2024-11-29, dropping by -0.45 million shares to a total of 8.06 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 8.51 million shares. There was a decline of -5.63%, which implies that there is a negative sentiment for the stock.
