Acuity Brands, Inc’s recent filing unveils that its SVP & General Counsel GOLDMAN BARRY R unloaded Company’s shares for reported $1.56 million on Oct 28 ’24. In the deal valued at $305.00 per share,5,120 shares were sold. As a result of this transaction, GOLDMAN BARRY R now holds 8,438 shares worth roughly $2.72 million.
Then, GOLDMAN BARRY R bought 5,120 shares, generating $1,561,600 in total proceeds.
Before that, Leibman Maya bought 200 shares. Acuity Brands, Inc shares valued at $49,782 were divested by the Director at a price of $248.91 per share. As a result of the transaction, Leibman Maya now holds 200 shares, worth roughly $64394.00000000001.
Morgan Stanley upgraded its Acuity Brands, Inc [AYI] rating to an Overweight from a an Equal-weight in a research note published on January 14, 2025; the price target was increased to $370 from $304. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in early January with a ‘”an Equal-weight”‘ rating. William Blair also remained covering AYI and has increased its forecast on January 02, 2025 with a “an Outperform” recommendation from previously “Mkt perform” rating. Wells Fargo revised its rating on June 28, 2024. It rated AYI as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of AYI
On Tuesday, Acuity Brands, Inc [NYSE:AYI] saw its stock jump 5.10% to $321.97. Over the last five days, the stock has gained 4.69%. Acuity Brands, Inc shares have risen nearly 10.21% since the year began. Nevertheless, the stocks have risen 43.29% over the past one year. While a 52-week high of $337.99 was reached on 01/14/25, a 52-week low of $217.64 was recorded on 01/03/25. SMA at 50 days reached $315.35, while 200 days put it at $273.60.
Levels Of Support And Resistance For AYI Stock
The 24-hour chart illustrates a support level at 314.40, which if violated will result in even more drops to 306.82. On the upside, there is a resistance level at 327.65. A further resistance level may holdings at 333.33. The Relative Strength Index (RSI) on the 14-day chart is 60.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.53, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.99%. Stochastics %K at 72.83% indicates the stock is a holding.
How much short interest is there in Acuity Brands, Inc?
A steep rise in short interest was recorded in Acuity Brands, Inc stocks on 2024-12-13, growing by 0.14 million shares to a total of 0.89 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 0.75 million shares. There was a rise of 15.77%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 04, 2024 when Oppenheimer resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $315.
