Autozone Inc.’s recently made public that its Executive Chairman RHODES WILLIAM C III unloaded Company’s shares for reported $21.37 million on Mar 26 ’24. In the deal valued at $3190.22 per share,6,700 shares were sold. As a result of this transaction, RHODES WILLIAM C III now holds 15,357 shares worth roughly $46.74 million.
Then, RHODES WILLIAM C III sold 2,800 shares, generating $8,933,092 in total proceeds. Upon selling the shares at $3190.39, the Executive Chairman now owns 22,057 shares.
Before that, RHODES WILLIAM C III sold 9,251 shares. Autozone Inc. shares valued at $29,503,393 were divested by the Executive Chairman at a price of $3189.25 per share. As a result of the transaction, RHODES WILLIAM C III now holds 15,357 shares, worth roughly $46.74 million.
Mizuho initiated its Autozone Inc. [AZO] rating to a Buy in a research note published on March 19, 2024; the price target was $3450. Raymond James also remained covering AZO and has increased its forecast on December 06, 2023 with a “Strong buy” recommendation from previously “an Outperform” rating. TD Cowen started covering the stock on October 10, 2023. It rated AZO as “an Outperform”.
Price Performance Review of AZO
On Tuesday, Autozone Inc. [NYSE:AZO] saw its stock fall -1.06% to $3043.62. Over the last five days, the stock has lost -3.99%. Autozone Inc. shares have risen nearly 17.71% since the year began. Nevertheless, the stocks have risen 20.27% over the past one year. While a 52-week high of $3256.37 was reached on 03/22/24, a 52-week low of $2277.88 was recorded on 01/09/24. SMA at 50 days reached $2,971.05, while 200 days put it at $2,661.83. A total of 0.23 million shares were traded, compared to the trading of 0.15 million shares in the previous session.
Levels Of Support And Resistance For AZO Stock
The 24-hour chart illustrates a support level at 3,014.03, which if violated will result in even more drops to 2,984.45. On the upside, there is a resistance level at 3,075.65. A further resistance level may holdings at 3,107.69. The Relative Strength Index (RSI) on the 14-day chart is 44.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -77.89, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.69%. Stochastics %K at 9.76% indicates the stock is a buying.
How much short interest is there in Autozone Inc.?
A steep rise in short interest was recorded in Autozone Inc. stocks on Mar 28, 2024, growing by 1160.0 shares to a total of 0.39 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 0.39 million shares. There was a rise of 0.3%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.53% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.52.
