Acushnet Holdings Corp’s filing revealed that its President-Titleist Golf Gear Duke John Francis JR unloaded Company’s shares for reported $1.09 million on Mar 08 ’24. In the deal valued at $64.32 per share,17,000 shares were sold. As a result of this transaction, Duke John Francis JR now holds 130,472 shares worth roughly $8.25 million.
Then, Duke John Francis JR sold 10,000 shares, generating $645,000 in total proceeds. Upon selling the shares at $64.50, the President-Titleist Golf Gear now owns 147,472 shares.
Before that, Reidy Brendan J. sold 9,000 shares. Acushnet Holdings Corp shares valued at $580,410 were divested by the insider at a price of $64.49 per share. As a result of the transaction, Reidy Brendan J. now holds 58,588 shares, worth roughly $3.71 million.
Compass Point upgraded its Acushnet Holdings Corp [GOLF] rating to a Buy from a a Neutral in a research note published recently. Jefferies also remained covering GOLF and has increased its forecast on August 21, 2023 with a “Buy” recommendation from previously “Hold” rating. KeyBanc Capital Markets started covering the stock on April 19, 2023. It rated GOLF as “an Overweight”.
Price Performance Review of GOLF
On Tuesday, Acushnet Holdings Corp [NYSE:GOLF] saw its stock fall -1.05% to $63.25. Over the last five days, the stock has lost -3.41%. Acushnet Holdings Corp shares have risen nearly 0.13% since the year began. Nevertheless, the stocks have risen 28.79% over the past one year. While a 52-week high of $70.10 was reached on 02/23/24, a 52-week low of $43.62 was recorded on 01/08/24. SMA at 50 days reached $65.20, while 200 days put it at $59.03. A total of 0.58 million shares were traded, compared to the trading of 0.33 million shares in the previous session.
Levels Of Support And Resistance For GOLF Stock
The 24-hour chart illustrates a support level at 62.46, which if violated will result in even more drops to 61.66. On the upside, there is a resistance level at 64.07. A further resistance level may holdings at 64.88. The Relative Strength Index (RSI) on the 14-day chart is 43.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.92%. Stochastics %K at 37.83% indicates the stock is a holding.
How much short interest is there in Acushnet Holdings Corp?
A steep rise in short interest was recorded in Acushnet Holdings Corp stocks on Mar 15, 2024, growing by 0.22 million shares to a total of 5.46 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 5.24 million shares. There was a rise of 4.03%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 28.38% of the overall stock float, the days-to-cover ratio (short ratio) rose to 14.51.
