Accenture Stock: 11 Straight Green Days, Up 25%
Accenture (ACN) stock has risen for 11 consecutive trading days, gaining 25.2% over that stretch. That added about $29.1 billion to the company’s market value, which now stands at about $144.5 billion. The stock closed at $240.26 on Wednesday, October 21, 14.3% below its 52-week high of $280.46 and 97.0% above its low of $121.98.
How The Streak Stacks Up Against The S&P 500
Returns for ACN and the S&P 500 over the streak and the periods around it, all ending Wednesday, October 21 and including dividends:
| Return Period | ACN | S&P 500 |
|---|---|---|
| 1 Day | 0.5% | 0.6% |
| 11 Days (Current Streak) | 25.2% | -0.8% |
| 1 Month (21 Trading Days) | 31.8% | 0.0% |
| 3 Months (63 Trading Days) | 74.6% | 5.0% |
| Year To Date | -7.3% | 14.4% |
| 1 Year (252 Trading Days) | 2.7% | 16.5% |
How The Streak Compares With The Market
Over the same 11 trading days, the S&P 500 returned -0.8% including dividends, so the run is mostly Accenture’s own story rather than the market’s. No other S&P 500 stock is currently on a winning streak of 11 days or longer. Over the past three months the stock is up 74.6%, a window that includes the streak; over the other 52 sessions of that window it was up 39.4%.
What The Numbers Say About The Rally
On the fundamentals, revenue grew 6.5% over the last twelve months, against a median of 17.9% for S&P 500 Information Technology stocks; its operating margin is 15.8%, versus a median of 21.6%; and the stock trades at 17.3 times trailing earnings against a median of 35.0. The read is mixed: a multiple below the median on one side, revenue growth below the median and margins below the median on the other.
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One Hot Stock Is A Story. Thirty Sound Ones Are A Strategy
A streak like this earns a place on your watchlist, and it also earns a question: how much of your outcome do you want depending on one company keeping this up?
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