ACCO Stock Summary and Trading Ideas (Acco Brands | NYSE:ACCO)

ACCO Brands Corp designs, manufactures, and markets consumer and business products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company offers school notebooks, janitorial supplies, and whiteboards; storage and organization products, such as three-ring and lever-arch binders, sheet protectors, and indexes, and punching products; computer accessories and others used in schools, homes, and businesses. It offers its products primarily under the AT-A-GLANCE, Five Star, GBC, Hilroy, Kensington, Quartet, Leitz, NOBO, Rapid, Rexel, Tilibra, and Wilson Jones brands. The company markets and sells its products through various channels, including mass retailers; e-tailers; discount, and variety chains; and warehouse clubs.

Acco Brands trades on the NYSE stock market under the symbol ACCO.

As of September 27, 2023, ACCO stock price climbed to $5.77 with 478,284 million shares trading.

ACCO has a beta of 1.31, meaning it tends to be more sensitive to market movements. ACCO has a correlation of 0.26 to the broad based SPY ETF.

ACCO has a market cap of $547.67 million. This is considered a Small Cap stock.

Last quarter Acco Brands reported $494 million in Revenue and $.38 earnings per share. This beat revenue expectation by $5 million and exceeded earnings estimates by $.09.

In the last 3 years, ACCO stock traded as high as $9.77 and as low as $4.27.

The top ETF exchange traded funds that ACCO belongs to (by Net Assets): VTI, VB, IWM, VBR, VXF.

ACCO has outperformed the market in the last year with a price return of +20.2% while the SPY ETF gained +18.7%. ACCO has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +14.8% and +7.4%, respectively, while the SPY returned -0.9% and -4.1%, respectively.

ACCO support price is $5.62 and resistance is $5.89 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ACCO stock will trade within this expected range on the day.