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. ACV Auctions Inc shares valued at $1,856,952 were purchased by MICHAEL WATERMAN on Mar 25 ’25. At $16.01 per share, MICHAEL WATERMAN acquired 115,987 shares.
Also, Chamoun George sold 348,249 shares, netting a total of over 5,342,140 in proceeds. Following the sale of shares at $15.34 each, the insider now holds 2,821,193 shares.
Before that, Chamoun George had sold 1,751 shares from its account. In a trade valued at $26,265, the Chief Executive Officer traded ACV Auctions Inc shares for $15.00 each. Upon closing the transaction, the insider’s holdings decreased to 1,751 shares, worth approximately $48.43 million.
As published in a research note from Piper Sandler on March 20, 2025, ACV Auctions Inc [ACVA] has been rated up from a Neutral to an Overweight and the price target has been revised to $20 from $18. Analysts at BofA Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid March. As of January 22, 2025, Stephens has initiated its “an Equal-weight” rating for ACVA.
Analyzing ACVA Stock Performance
During the last five days, there has been a surge of approximately 4.59%. Over the course of the year, ACV Auctions Inc shares have dropped approximately -29.26%. Shares of the company reached a 52-week high of $22.47 on 01/22/25 and a 52-week low of $12.77 on 03/11/25. A 50-day SMA is recorded $18.33, while a 200-day SMA reached $19.04.
Support And Resistance Levels for ACV Auctions Inc (ACVA)
According to the 24-hour chart, there is a support level at 14.84, which, if violated, would cause prices to drop to 14.40. In the upper region, resistance lies at 16.11. The next price resistance is at 16.93. RSI (Relative Strength Index) is 44.32 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.19, which suggests the price will increase in the coming days. Percent R is at 32.62%, indicating low price movement. Stochastics %K at selling indicates that the stock is to be held.
