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0.00078492935635805 0.00078492935635805 -0.00235478806907373 -0.00392464678178956 -0.0164835164835164 -0.00863422291993716 -0.0109890109890109 -0.0109890109890109
Stock impact report

Why Are ACV Auctions (ACVA) Shares Soaring Today [Yahoo! Finance]

ACV Auctions Inc. Class A (ACVA) 
Company Research Source: Yahoo! Finance
after a director, Brian Hirsch, reported a significant open-market purchase of company stock. According to a regulatory filing, Hirsch acquired 80,571 shares of Class A common stock at a weighted average price of $6.21 per share. Such a substantial investment by a key insider was often interpreted by the market as a strong vote of confidence in the company's future prospects and current valuation. This type of insider activity frequently led to increased investor optimism, as it suggested that those with intimate knowledge of the business believed the stock was undervalued. After the initial pop the shares cooled down to $6.46, up 3.4% from previous close. Is now the time to buy ACV Auctions? Access our full analysis report here What Is The Market Telling Us ACV Auctions's shares are very volatile and have had 22 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamental Show less Read more
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