In a filing, ACV Auctions Inc revealed its Chief Financial Officer ZERELLA WILLIAM unloaded Company’s shares for reported $0.31 million on Jan 07 ’25. In the deal valued at $20.57 per share,15,000 shares were sold. As a result of this transaction, ZERELLA WILLIAM now holds 462,452 shares worth roughly $9.46 million.
Then, Waterman Michael sold 30,162 shares, generating $619,226 in total proceeds. Upon selling the shares at $20.53, the Chief Sales Officer now owns 314,738 shares.
Before that, Waterman Michael sold 9,985 shares. ACV Auctions Inc shares valued at $202,096 were divested by the Chief Sales Officer at a price of $20.24 per share. As a result of the transaction, Waterman Michael now holds 311,354 shares, worth roughly $6.37 million.
Stephens initiated its ACV Auctions Inc [ACVA] rating to an Equal-weight in a research note published on January 22, 2025; the price target was $20.50. JP Morgan also remained covering ACVA and has increased its forecast on June 10, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. Northcoast revised its rating on January 10, 2024. It rated ACVA as “a Buy” which previously was an “a Neutral”.
Price Performance Review of ACVA
On Monday, ACV Auctions Inc [NASDAQ:ACVA] saw its stock fall -3.31% to $20.46. Over the last five days, the stock has lost -3.08%. ACV Auctions Inc shares have fallen nearly -5.28% since the year began. Nevertheless, the stocks have risen 57.75% over the past one year. While a 52-week high of $23.46 was reached on 01/22/25, a 52-week low of $12.84 was recorded on 01/08/25. SMA at 50 days reached $21.55, while 200 days put it at $19.18.
Levels Of Support And Resistance For ACVA Stock
The 24-hour chart illustrates a support level at 20.16, which if violated will result in even more drops to 19.86. On the upside, there is a resistance level at 20.79. A further resistance level may holdings at 21.12. The Relative Strength Index (RSI) on the 14-day chart is 42.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.95%. Stochastics %K at 38.62% indicates the stock is a holding.
How much short interest is there in ACV Auctions Inc?
A steep rise in short interest was recorded in ACV Auctions Inc stocks on 2025-01-15, growing by 0.84 million shares to a total of 9.34 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 8.49 million shares. There was a rise of 9.04%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 20, 2023 when B. Riley Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $23 price target.
