Accuride Stock Price Down 2.8% Following Insider Selling (ACW)
Shares of Accuride (NYSE:ACW) were down 2.8% during trading on Wednesday following insider selling activity, StockRatingsNetwork.com reports. The company traded as low as $4.88 and last traded at $4.91, with a volume of 60,689 shares. The stock had previously closed at $5.05.
Specifically, major shareholder Coliseum Capital Management, L unloaded 126,997 shares of Accuride stock on the open market in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $5.06, for a total transaction of $642,604.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
A number of analysts have recently weighed in on ACW shares. Analysts at Zacks upgraded shares of Accuride from a “neutral” rating to an “outperform” rating in a research note on Thursday, July 31st. They now have a $5.90 price target on the stock. Analysts at B. Riley reiterated a “neutral” rating on shares of Accuride in a research note on Wednesday, July 30th. They now have a $4.50 price target on the stock, up previously from $4.00.
The stock’s 50-day moving average is $5.01 and its 200-day moving average is $4.85. The company’s market cap is $232.9 million.
Accuride (NYSE:ACW) last posted its quarterly earnings results on Monday, July 28th. The company reported $0.11 earnings per share for the quarter. The company had revenue of $181.60 million for the quarter, compared to the consensus estimate of $180.93 million. During the same quarter last year, the company posted ($0.11) earnings per share. Accuride’s revenue was up .9% compared to the same quarter last year. Analysts expect that Accuride will post $-0.01 EPS for the current fiscal year.
Accuride Corporation is a manufacturer and supplier of commercial vehicle components in North America.
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