Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Acuity Brands, Inc shares valued at $1,561,600 were sold by GOLDMAN BARRY R on Oct 28 ’24. At $305.00 per share, GOLDMAN BARRY R sold 5,120 shares. The insider’s holdings dropped to 8,438 shares worth approximately $2.37 million following the completion of this transaction.
Also, GOLDMAN BARRY R purchased 5,120 shares, netting a total of over 1,561,600 in proceeds.
Before that, Leibman Maya had added 200 shares to its account. In a trade valued at $49,782, the Director bought Acuity Brands, Inc shares for $248.91 each. Upon closing the transaction, the insider’s holdings increased to 200 shares, worth approximately $56072.0.
As published in a research note from Morgan Stanley on January 14, 2025, Acuity Brands, Inc [AYI] has been rated up from an Equal-weight to an Overweight and the price target has been revised to $370 from $304. Analysts at Morgan Stanley started covering the stock with ‘”an Equal-weight”‘ outlook in a report released in early January. As of January 02, 2025, William Blair has increased its “Mkt perform” rating to a “an Outperform” for AYI. Earlier on June 28, 2024, Wells Fargo downgraded its rating. Their new recommendation was “an Equal weight” for AYI stock which previously was a “an Overweight”.
Analyzing AYI Stock Performance
During the last five days, there has been a drop of approximately -6.27%. Over the course of the year, Acuity Brands, Inc shares have dropped approximately -4.03%. Shares of the company reached a 52-week high of $345.30 on 01/24/25 and a 52-week low of $269.98 on 03/04/25. A 50-day SMA is recorded $313.86, while a 200-day SMA reached $284.05.
Support And Resistance Levels for Acuity Brands, Inc (AYI)
According to the 24-hour chart, there is a support level at 273.96, which, if violated, would cause prices to drop to 267.56. In the upper region, resistance lies at 283.90. The next price resistance is at 287.44. RSI (Relative Strength Index) is 29.25 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -26.58, which suggests the price will decrease in the coming days. Percent R is at 83.53%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
