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Investing in AECOM (ACM) Is Getting More Attractive

AECOM’s recent filing unveils that its CHIEF LEGAL OFFICER Gan David Y. unloaded Company’s shares for reported $1.28 million on Dec 16 ’24. In the deal valued at $111.46 per share,11,500 shares were sold. As a result of this transaction, Gan David Y. now holds 50,413 shares worth roughly $5.47 million.

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Then, Gan David Y. sold 6,362 shares, generating $701,029 in total proceeds. Upon selling the shares at $110.19, the CHIEF LEGAL OFFICER now owns 44,051 shares.

Before that, Gan David Y. sold 3,036 shares. AECOM shares valued at $336,996 were divested by the CHIEF LEGAL OFFICER at a price of $111.00 per share. As a result of the transaction, Gan David Y. now holds 41,015 shares, worth roughly $4.45 million.

Goldman initiated its AECOM [ACM] rating to a Buy in a research note published on November 22, 2024; the price target was $130. A number of analysts have revised their coverage, including Truist’s analysts, who began to cover the stock in mid March with a ‘”a Buy”‘ rating. KeyBanc Capital Markets began covering ACM with “an Overweight” recommendation on January 10, 2024. Credit Suisse revised its rating on January 12, 2023. It rated ACM as “an Outperform” which previously was an “a Neutral”.

Price Performance Review of ACM

On Tuesday, AECOM [NYSE:ACM] saw its stock jump 0.45% to $108.41. Over the last five days, the stock has lost -1.72%. AECOM shares have risen nearly 17.39% since the year began. Nevertheless, the stocks have risen 17.82% over the past one year. While a 52-week high of $118.56 was reached on 11/27/24, a 52-week low of $82.23 was recorded on 07/09/24. SMA at 50 days reached $110.32, while 200 days put it at $97.73.

Levels Of Support And Resistance For ACM Stock

The 24-hour chart illustrates a support level at 107.59, which if violated will result in even more drops to 106.77. On the upside, there is a resistance level at 108.85. A further resistance level may holdings at 109.29. The Relative Strength Index (RSI) on the 14-day chart is 40.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.65%. Stochastics %K at 18.67% indicates the stock is a buying.

How much short interest is there in AECOM?

A steep rise in short interest was recorded in AECOM stocks on 2024-10-31, dropping by -1.21 million shares to a total of 1.87 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.08 million shares. There was a decline of -64.38%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on April 27, 2022 when RBC Capital Mkts began covering the stock and recommended ‘”an Outperform”‘ rating along with a $91 price target.

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