ACV Auctions Inc’s recent filing unveils that its Chief Sales Officer Waterman Michael unloaded Company’s shares for reported $0.3 million on Feb 04 ’25. In the deal valued at $20.27 per share,15,000 shares were sold. As a result of this transaction, Waterman Michael now holds 311,354 shares worth roughly $5.39 million.
Then, ZERELLA WILLIAM sold 15,000 shares, generating $309,450 in total proceeds. Upon selling the shares at $20.63, the Chief Financial Officer now owns 447,452 shares.
Before that, ZERELLA WILLIAM sold 15,000 shares. ACV Auctions Inc shares valued at $308,550 were divested by the Chief Financial Officer at a price of $20.57 per share. As a result of the transaction, ZERELLA WILLIAM now holds 462,452 shares, worth roughly $8.01 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 Friday, ACV Auctions Inc [NASDAQ:ACVA] saw its stock fall -1.51% to $17.32. Over the last five days, the stock has lost -19.80%. ACV Auctions Inc shares have fallen nearly -19.81% since the year began. Nevertheless, the stocks have risen 23.71% over the past one year. While a 52-week high of $23.46 was reached on 01/22/25, a 52-week low of $14.76 was recorded on 02/24/25. SMA at 50 days reached $21.05, while 200 days put it at $19.38.
Levels Of Support And Resistance For ACVA Stock
The 24-hour chart illustrates a support level at 16.96, which if violated will result in even more drops to 16.59. On the upside, there is a resistance level at 17.74. A further resistance level may holdings at 18.15. The Relative Strength Index (RSI) on the 14-day chart is 23.49, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.64, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.91%. Stochastics %K at 3.93% indicates the stock is a buying.
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.
