Class A shares for the week
Shares in ACV Auctions Inc. (ACVA) is class A closed this week 22.6% lower than at the end of last week. The stock is now down 34.6% YTD, down 60.6% over the past 12 months and down 60.6% over the past five years.
However, this week the Dow Jones Industrial Average is down 1.6% and the S&P 500 is down 3.5%.
This week stocks were trading between $15.03 and $11.78. Stocks closed 66.6% below their 52-week high and 4.0% above their 52-week low.
Trading volume this week was 33.4% higher than the 10-day average and 116.6% higher than the 30-day average.
In terms of technical indicators, it is worth noting that the stock's Relative Strength Index (RSI) was below 30, which could mean that the stock was likely underbought.
MACD, the momentum indicator which follows the trend, indicates a downtrend.
The stock closed above the Bollinger Band, which means that ACV Auctions stock could be overbought.
The stock closed 6.4% below the five-day moving average, 22.6% below the 20-day moving average and 32.9% below the 90-day moving average.
The company's share price is lagging the Dow Jones and S&P 500 indices this week, trailing them by 1 year and 5 years.
ACV is a full-service dealer marketplace that runs online automotive auctions. The company was founded in 2014 by Joseph Neiman. ACV is headquartered in Buffalo, New York.
