Notable ETF Outflow Detected - TECL, ACN, ADBE, AKAM
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 28 2024
0mins
Source: NASDAQ.COM
- TECL Stock Analysis: TECL's 52-week range is $39.03 to $88.10 per share, with the last trade at $85.90. Comparing the share price to the 200-day moving average is a useful technical analysis technique.
- ETFs Trading: Exchange-traded funds (ETFs) are traded like stocks, with investors buying and selling "units." These units can be created or destroyed based on investor demand, impacting the underlying holdings of the ETF.
- Monitoring ETF Flows: Weekly monitoring of shares outstanding data helps track notable inflows (new units created) or outflows (old units destroyed) in ETFs. Large flows can affect the individual components held within ETFs.
- Notable Outflows: The article mentions 9 other ETFs that experienced notable outflows, providing insights into market trends and investor behavior.
- Disclaimer: The views and opinions expressed in the content belong to the author and may not necessarily reflect those of Nasdaq, Inc.
Analyst Views on ACN
Wall Street analysts forecast ACN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ACN is 295.67 USD with a low forecast of 251.00 USD and a high forecast of 330.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
16 Analyst Rating
10 Buy
6 Hold
0 Sell
Moderate Buy
Current: 280.720
Low
251.00
Averages
295.67
High
330.00
Current: 280.720
Low
251.00
Averages
295.67
High
330.00
About ACN
Accenture plc is a global professional services company. It is engaged in providing a range of services and solutions across strategy and consulting, technology, operations, Industry X and Song. Its services include application services, artificial intelligence, automation, business process outsourcing, business strategy, change management, cloud, customer experience, data and analytics, ecosystem partners, finance consulting, Industry X, infrastructure, marketing, mergers and acquisitions, operating models, security, supply chain management, sustainability, technology consulting, technology innovation, and zero-based budgeting (ZBB). It specializes in the SAP business technology platform that designs digital products and experiences for enterprise customers, including custom portals and Web solutions and mobile applications. It provides clients with quantitative and qualitative risk management and compliance services. It specializes in advisory, management services and cybersecurity.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
