Academy Sports and Outdoors Inc’s recently made public that its Director Tweedy Jeffrey C. unloaded Company’s shares for reported $69023.0 on Jan 02 ’24. In the deal valued at $64.81 per share,1,065 shares were sold. As a result of this transaction, Tweedy Jeffrey C. now holds 9,070 shares worth roughly $0.55 million.
Then, Tweedy Jeffrey C. sold 1,065 shares, generating $53,250 in total proceeds. Upon selling the shares at $50.00, the Director now owns 10,135 shares.
Before that, Tweedy Jeffrey C. sold 700 shares. Academy Sports and Outdoors Inc shares valued at $32,662 were divested by the Director at a price of $46.66 per share. As a result of the transaction, Tweedy Jeffrey C. now holds 11,200 shares, worth roughly $0.68 million.
Telsey Advisory Group reiterated its Academy Sports and Outdoors Inc [ASO] rating to an Outperform in a research note published on March 22, 2024; the price target was $75. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in mid March has reiterated a ‘”an Outperform”‘ rating for it. Truist began covering ASO with “Buy” recommendation on November 17, 2023. Gordon Haskett revised its rating on August 28, 2023. It rated ASO as “a Hold” which previously was an “a Accumulate”.
Price Performance Review of ASO
On Tuesday, Academy Sports and Outdoors Inc [NASDAQ:ASO] saw its stock fall -2.43% to $61.11. Over the last five days, the stock has lost -3.43%. Academy Sports and Outdoors Inc shares have fallen nearly -7.41% since the year began. Nevertheless, the stocks have fallen -3.08% over the past one year. While a 52-week high of $75.73 was reached on 03/05/24, a 52-week low of $42.83 was recorded on 04/09/24. SMA at 50 days reached $67.99, while 200 days put it at $57.19. A total of 1.44 million shares were traded, compared to the trading of 1.41 million shares in the previous session.
Levels Of Support And Resistance For ASO Stock
The 24-hour chart illustrates a support level at 60.25, which if violated will result in even more drops to 59.39. On the upside, there is a resistance level at 62.45. A further resistance level may holdings at 63.79. The Relative Strength Index (RSI) on the 14-day chart is 33.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.68%. Stochastics %K at 8.74% indicates the stock is a buying.
How much short interest is there in Academy Sports and Outdoors Inc?
A steep rise in short interest was recorded in Academy Sports and Outdoors Inc stocks on Mar 15, 2024, dropping by -1.11 million shares to a total of 7.69 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 8.8 million shares. There was a decline of -14.43%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 19.39% of the overall stock float, the days-to-cover ratio (short ratio) fell to 6.89.
The most recent change occurred on August 14, 2023 when Telsey Advisory Group began covering the stock and recommended ‘”an Outperform”‘ rating along with a $72 price target.
