The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Atkore Inc shares valued at $32,500 were sold by Lamps Mark F. on Feb 10 ’25. At $65.00 per share, Lamps Mark F. sold 500 shares. The insider’s holdings dropped to 33,760 shares worth approximately $2.14 million following the completion of this transaction.
Also, MARK LAMPS purchased 500 shares, netting a total of over 32,730 in proceeds.
Before that, Isbell Jeri L had sold 3,353 shares from its account. In a trade valued at $315,270, the Director traded Atkore Inc shares for $94.03 each. Upon closing the transaction, the insider’s holdings decreased to 3,353 shares, worth approximately $1.62 million.
As published in a research note from Loop Capital on February 10, 2025, Atkore Inc [ATKR] has been rated down from a Buy to a Hold and the price target has been revised to $65 from $115. Analysts at ROTH MKM started covering the stock with ‘”a Buy”‘ outlook in a report released in mid December. As of November 22, 2024, B. Riley Securities has decreased its “Buy” rating to a “Neutral” for ATKR. Earlier on August 07, 2024, RBC Capital Mkts downgraded its rating. Their new recommendation was “a Sector perform” for ATKR stock which previously was a “an Outperform”.
Analyzing ATKR Stock Performance
During the last five days, there has been a drop of approximately -7.21%. Over the course of the year, Atkore Inc shares have dropped approximately -24.13%. Shares of the company reached a 52-week high of $89.46 on 01/22/25 and a 52-week low of $62.62 on 02/04/25. A 50-day SMA is recorded $78.49, while a 200-day SMA reached $102.60. Nevertheless, trading volume fell to 0.84 million shares from 0.7 million shares the previous day.
Support And Resistance Levels for Atkore Inc (ATKR)
According to the 24-hour chart, there is a support level at 62.46, which, if violated, would cause prices to drop to 61.62. In the upper region, resistance lies at 64.89. The next price resistance is at 66.48. RSI (Relative Strength Index) is 30.94 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.78, which suggests the price will decrease in the coming days. Percent R is at 95.73%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
