Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. ACV Auctions Inc shares valued at $308,550 were sold by ZERELLA WILLIAM on Jan 07 ’25. At $20.57 per share, ZERELLA WILLIAM sold 15,000 shares. The insider’s holdings dropped to 462,452 shares worth approximately $9.91 million following the completion of this transaction.
Also, Waterman Michael sold 30,162 shares, netting a total of over 619,226 in proceeds. Following the sale of shares at $20.53 each, the insider now holds 314,738 shares.
Before that, Waterman Michael had sold 9,985 shares from its account. In a trade valued at $202,096, the Chief Sales Officer traded ACV Auctions Inc shares for $20.24 each. Upon closing the transaction, the insider’s holdings decreased to 9,985 shares, worth approximately $6.68 million.
As published in their initiating research note from Stephens on January 22, 2025, ACV Auctions Inc [ACVA] has been an Equal-weight and the price target has been revised to $20.50. As of June 10, 2024, JP Morgan has increased its “Neutral” rating to a “an Overweight” for ACVA. Earlier on January 10, 2024, Northcoast upgraded its rating. Their new recommendation was “a Buy” for ACVA stock which previously was a “a Neutral”.
Analyzing ACVA Stock Performance
Over the course of the year, ACV Auctions Inc shares have dropped approximately -0.74%. Shares of the company reached a 52-week high of $22.47 on 01/22/25 and a 52-week low of $19.93 on 01/08/25. A 50-day SMA is recorded $21.54, while a 200-day SMA reached $19.12. Nevertheless, trading volume fell to 0.86 million shares from 0.95 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 21.04, which, if violated, would cause prices to drop to 20.63. In the upper region, resistance lies at 21.71. The next price resistance is at 21.97. RSI (Relative Strength Index) is 50.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.05, which suggests the price will decrease in the coming days. Percent R is at 40.56%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
