Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. ACV Auctions Inc shares valued at $202,696 were purchased by MICHAEL WATERMAN on Jan 08 ’25. At $20.30 per share, MICHAEL WATERMAN acquired 9,985 shares.
Also, MICHAEL WATERMAN purchased 45,162 shares, netting a total of over 953,370 in proceeds.
Before that, WILLIAM ZERELLA had added 45,000 shares to its account. In a trade valued at $949,950, the Officer bought ACV Auctions Inc shares for $21.11 each.
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 -2.13%. Over the course of the year, ACV Auctions Inc shares have dropped approximately -2.13%. Shares of the company reached a 52-week high of $22.07 on 01/02/25 and a 52-week low of $19.93 on 01/08/25. A 50-day SMA is recorded $20.86, while a 200-day SMA reached $18.93. Nevertheless, trading volume fell to 1.42 million shares from 1.12 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 20.26, which, if violated, would cause prices to drop to 19.38. In the upper region, resistance lies at 21.69. The next price resistance is at 22.24. RSI (Relative Strength Index) is 49.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.44, which suggests the price will decrease in the coming days. Percent R is at 45.79%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
