The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Atkore Inc shares valued at $315,270 were sold by Isbell Jeri L on Dec 03 ’24. At $94.03 per share, Isbell Jeri L sold 3,353 shares. The insider’s holdings dropped to 25,585 shares worth approximately $2.12 million following the completion of this transaction.
Also, JERI L ISBELL purchased 3,353 shares, netting a total of over 315,270 in proceeds.
Before that, BEVERLY C. WALTZ LIFETIME TRUS had added 59,019 shares to its account. In a trade valued at $5,467,656, the Officer bought Atkore Inc shares for $92.64 each.
As published in their initiating research note from ROTH MKM on December 17, 2024, Atkore Inc [ATKR] has been a Buy and the price target has been revised to $100. Analysts at B. Riley Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late November. As of August 07, 2024, RBC Capital Mkts has decreased its “an Outperform” rating to a “Sector perform” for ATKR. Earlier on July 10, 2024, KeyBanc Capital Markets initiated its rating. Their recommendation was “an Overweight” for ATKR stock.
Analyzing ATKR Stock Performance
During the last five days, there has been a drop of approximately -0.73%. Over the course of the year, Atkore Inc shares have dropped approximately -0.73%. Shares of the company reached a 52-week high of $88.96 on 01/07/25 and a 52-week low of $80.70 on 01/02/25. A 50-day SMA is recorded $88.55, while a 200-day SMA reached $118.92. Nevertheless, trading volume fell to 0.58 million shares from 0.39 million shares the previous day.
Support And Resistance Levels for Atkore Inc (ATKR)
According to the 24-hour chart, there is a support level at 81.46, which, if violated, would cause prices to drop to 80.08. In the upper region, resistance lies at 84.89. The next price resistance is at 86.94. RSI (Relative Strength Index) is 42.96 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.98, which suggests the price will increase in the coming days. Percent R is at 74.11%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
