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 $304,050 were sold by Waterman Michael on Feb 04 ’25. At $20.27 per share, Waterman Michael sold 15,000 shares. The insider’s holdings dropped to 311,354 shares worth approximately $5.79 million following the completion of this transaction.
Also, ZERELLA WILLIAM sold 15,000 shares, netting a total of over 309,450 in proceeds. Following the sale of shares at $20.63 each, the insider now holds 447,452 shares.
Before that, ZERELLA WILLIAM had sold 15,000 shares from its account. In a trade valued at $308,550, the Chief Financial Officer traded ACV Auctions Inc shares for $20.57 each. Upon closing the transaction, the insider’s holdings decreased to 15,000 shares, worth approximately $8.6 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
During the last five days, there has been a drop of approximately -13.41%. Over the course of the year, ACV Auctions Inc shares have dropped approximately -13.94%. Shares of the company reached a 52-week high of $22.47 on 01/22/25 and a 52-week low of $18.40 on 02/20/25. A 50-day SMA is recorded $21.24, while a 200-day SMA reached $19.38. Nevertheless, trading volume fell to 7.74 million shares from 2.5 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 17.91, which, if violated, would cause prices to drop to 17.22. In the upper region, resistance lies at 19.77. The next price resistance is at 20.94. RSI (Relative Strength Index) is 28.73 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.88, which suggests the price will decrease in the coming days. Percent R is at 94.85%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
