Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Construction Partners Inc shares valued at $504,110 were sold by Andrews Todd Keith on Dec 20 ’24. At $91.84 per share, Andrews Todd Keith sold 5,489 shares. The insider’s holdings dropped to 17,394 shares worth approximately $1.2 million following the completion of this transaction.
Also, Todd K. Andrews purchased 5,489 shares, netting a total of over 504,088 in proceeds.
Before that, Andrews Todd Keith had sold 2,511 shares from its account. In a trade valued at $240,704, the Chief Accounting Officer traded Construction Partners Inc shares for $95.86 each. Upon closing the transaction, the insider’s holdings decreased to 2,511 shares, worth approximately $1.33 million.
As published in a research note from Sidoti on March 28, 2024, Construction Partners Inc [ROAD] has been rated down from a Buy to a Neutral and the price target has been revised to $59. Analysts at Robert W. Baird downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in mid February. Earlier on June 01, 2022, Sidoti initiated its rating. Their recommendation was “a Buy” for ROAD stock.
Analyzing ROAD Stock Performance
During the last five days, there has been a surge of approximately 0.86%. Over the course of the year, Construction Partners Inc shares have dropped approximately -22.08%. Shares of the company reached a 52-week high of $94.54 on 01/22/25 and a 52-week low of $65.45 on 03/10/25. A 50-day SMA is recorded $80.22, while a 200-day SMA reached $73.54.
Support And Resistance Levels for Construction Partners Inc (ROAD)
According to the 24-hour chart, there is a support level at 67.69, which, if violated, would cause prices to drop to 66.45. In the upper region, resistance lies at 70.38. The next price resistance is at 71.82. RSI (Relative Strength Index) is 38.44 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.62, which suggests the price will decrease in the coming days. Percent R is at 64.85%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
