In a filing, Academy Sports and Outdoors Inc revealed 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 $0.54 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 $0.66 million.
Jefferies initiated its Academy Sports and Outdoors Inc [ASO] rating to a Buy in a research note published on April 12, 2024; the price target was $85. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in late March has reiterated a ‘”an Outperform”‘ rating for it. Telsey Advisory Group also remained covering ASO and reiterated its “an Outperform” recommendation on March 15, 2024. Truist started covering the stock on November 17, 2023. It rated ASO as “a Buy”.
Price Performance Review of ASO
On Tuesday, Academy Sports and Outdoors Inc [NASDAQ:ASO] saw its stock fall -0.60% to $59.35. Over the last five days, the stock has lost -2.88%. Academy Sports and Outdoors Inc shares have fallen nearly -10.08% since the year began. Nevertheless, the stocks have fallen -11.54% 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 04/16/24. SMA at 50 days reached $67.51, while 200 days put it at $57.38. A total of 1.48 million shares were traded, compared to the trading of 1.2 million shares in the previous session.
Levels Of Support And Resistance For ASO Stock
The 24-hour chart illustrates a support level at 58.71, which if violated will result in even more drops to 58.08. On the upside, there is a resistance level at 59.87. A further resistance level may holdings at 60.39. The Relative Strength Index (RSI) on the 14-day chart is 31.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.76%. Stochastics %K at 6.49% indicates the stock is a buying.
