Accelevation (NASDAQ:ACCV) Shares Down 15.3% – Time to Sell?

Accelevation Holdings Corp. (NASDAQ:ACCV – Get Free Report)’s share price dropped 15.3% during trading on Thursday. The stock traded as low as $9.65 and last traded at $9.91. 193,156 shares traded hands during trading, a decline of 90% from the average session volume of 1,887,174 shares. The stock had previously closed at $11.70.

Analyst Ratings Changes

ACCV has been the subject of several recent analyst reports. Robert W. Baird initiated coverage on Accelevation in a report on Monday, October 26th. They issued an “outperform” rating and a $16.00 target price for the company. William Blair set a $20.00 price target on Accelevation in a report on Monday, October 26th. Wall Street Zen raised Accelevation to a “hold” rating in a research report on Saturday, October 10th. The Goldman Sachs Group began coverage on Accelevation in a research report on Monday, October 26th. They issued a “buy” rating and a $22.00 price objective on the stock. Finally, Bank of America assumed coverage on Accelevation in a research note on Monday, October 26th. They issued a “buy” rating and a $20.00 price objective for the company. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $19.43.

View Our Latest Stock Report on ACCV

Accelevation Stock Up 11.3%

Insider Activity at Accelevation

In related news, Director Howard C. Heckes bought 5,000 shares of the business’s stock in a transaction on Thursday, October 1st. The stock was acquired at an average price of $18.00 per share, for a total transaction of $90,000.00. Following the purchase, the director directly owned 5,000 shares in the company, valued at $90,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Brent C. Jewell bought 2,500 shares of Accelevation stock in a transaction on Thursday, October 1st. The shares were bought at an average cost of $18.00 per share, with a total value of $45,000.00. Following the acquisition, the chief operating officer directly owned 304,068 shares in the company, valued at approximately $5,473,224. This represents a 0.83% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased a total of 227,700 shares of company stock worth $4,098,600 in the last 90 days.

Accelevation Company Profile

(Get Free Report)

Accelevation Holdings Corp. designs, manufactures and installs customized structural, electrical and mechanical systems for mission-critical infrastructure.

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