Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. ACV Auctions Inc shares valued at $703,625 were sold by ZERELLA WILLIAM on Dec 30 ’24. At $21.65 per share, ZERELLA WILLIAM sold 32,500 shares. The insider’s holdings dropped to 490,482 shares worth approximately $10.27 million following the completion of this transaction.
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Also, WILLIAM ZERELLA purchased 32,500 shares, netting a total of over 708,500 in proceeds.
Before that, Chamoun George had sold 210,400 shares from its account. In a trade valued at $4,553,056, the Chief Executive Officer traded ACV Auctions Inc shares for $21.64 each. Upon closing the transaction, the insider’s holdings decreased to 210,400 shares, worth approximately $18.27 million.
Analysts at JP Morgan upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in early June. As of January 10, 2024, Northcoast has increased its “Neutral” rating to a “Buy” for ACVA. Earlier on July 20, 2023, B. Riley Securities initiated its rating. Their recommendation was “a Buy” for ACVA stock.
Analyzing ACVA Stock Performance
During the last five days, there has been a drop of approximately -3.37%. Over the course of the year, ACV Auctions Inc shares have dropped approximately -3.06%. Shares of the company reached a 52-week high of $22.07 on 01/02/25 and a 52-week low of $20.78 on 01/02/25. A 50-day SMA is recorded $20.62, while a 200-day SMA reached $18.89. Nevertheless, trading volume fell to 1.01 million shares from 0.69 million shares the previous day.
Support And Resistance Levels for ACV Auctions Inc (ACVA)
According to the 24-hour chart, there is a support level at 20.46, which, if violated, would cause prices to drop to 19.98. In the upper region, resistance lies at 21.75. The next price resistance is at 22.55. RSI (Relative Strength Index) is 46.64 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.19, which suggests the price will decrease in the coming days. Percent R is at 54.00%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
