American Coastal Insurance Corp’s filing revealed that its Director Maroney Patrick acquired Company’s shares for reported $43667.0 on Dec 16 ’24. In the deal valued at $13.96 per share,3,128 shares were bought. As a result of this transaction, Maroney Patrick now holds 93,500 shares worth roughly $1.23 million.
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Then, Maroney Patrick bought 372 shares, generating $5,126 in total proceeds. Upon buying the shares at $13.78, the Director now owns 90,372 shares.
Before that, Hogan Michael bought 8,000 shares. American Coastal Insurance Corp shares valued at $90,928 were divested by the Director at a price of $11.37 per share. As a result of the transaction, Hogan Michael now holds 356,754 shares, worth roughly $4.71 million.
Raymond James initiated its American Coastal Insurance Corp [ACIC] rating to an Outperform in a research note published on January 17, 2024; the price target was $15. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in early August from “an Outperform” to “a Mkt perform”. Wells Fargo also remained covering ACIC and has decreased its forecast on January 06, 2020 with a “an Underweight” recommendation from previously “an Equal weight” rating. Wells Fargo revised its rating on May 08, 2019. It rated ACIC as “a Market perform” which previously was an “an Outperform”.
Price Performance Review of ACIC
On Tuesday, American Coastal Insurance Corp [NASDAQ:ACIC] saw its stock jump 1.38% to $13.20. Over the last five days, the stock has lost -4.56%. American Coastal Insurance Corp shares have risen nearly 45.00% since the year began. Nevertheless, the stocks have risen 47.65% over the past one year. While a 52-week high of $15.08 was reached on 12/04/24, a 52-week low of $8.49 was recorded on 10/09/24. SMA at 50 days reached $12.84, while 200 days put it at $11.53.
Levels Of Support And Resistance For ACIC Stock
The 24-hour chart illustrates a support level at 13.05, which if violated will result in even more drops to 12.90. On the upside, there is a resistance level at 13.28. A further resistance level may holdings at 13.36. The Relative Strength Index (RSI) on the 14-day chart is 49.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.17%. Stochastics %K at 16.16% indicates the stock is a buying.
How much short interest is there in American Coastal Insurance Corp?
A steep rise in short interest was recorded in American Coastal Insurance Corp stocks on 2024-11-29, dropping by 43434.0 shares to a total of 0.85 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.9 million shares. There was a decline of -5.09%, which implies that there is a negative sentiment for the stock.
