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 $7.96 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 $3.58 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 jump 0.30% to $61.03. Over the last five days, the stock has lost -3.51%. Acushnet Holdings Corp shares have fallen nearly -3.39% since the year began. Nevertheless, the stocks have risen 24.04% 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 04/16/24. SMA at 50 days reached $64.90, while 200 days put it at $59.24. A total of 0.22 million shares were traded, compared to the trading of 0.25 million shares in the previous session.
Levels Of Support And Resistance For GOLF Stock
The 24-hour chart illustrates a support level at 60.24, which if violated will result in even more drops to 59.45. On the upside, there is a resistance level at 61.60. A further resistance level may holdings at 62.17. The Relative Strength Index (RSI) on the 14-day chart is 36.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.91%. Stochastics %K at 9.78% indicates the stock is a buying.
