Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Dicks Sporting Goods, Inc. shares valued at $3,598,891 were sold by Gupta Navdeep on Mar 22 ’24. At $222.00 per share, Gupta Navdeep sold 16,211 shares. The insider’s holdings dropped to 87,628 shares worth approximately $17.89 million following the completion of this transaction.
Also, Baran Elizabeth H. sold 2,175 shares, netting a total of over 482,372 in proceeds. Following the sale of shares at $221.78 each, the insider now holds 11,051 shares.
Before that, STACK EDWARD W had sold 151,210 shares from its account. In a trade valued at $33,407,064, the Executive Chairman traded Dicks Sporting Goods, Inc. shares for $220.93 each. Upon closing the transaction, the insider’s holdings decreased to 151,210 shares, worth approximately $2.23 billion.
As published in their initiating research note from Jefferies on April 12, 2024, Dicks Sporting Goods, Inc. [DKS] has been a Hold and the price target has been revised to $211. Analysts at Gordon Haskett resumed the stock at ‘”a Buy”‘ outlook in a report released in early April. As of March 11, 2024, Telsey Advisory Group has reiterated its “an Outperform” rating for DKS. Earlier on November 22, 2023, Telsey Advisory Group resumed its rating. Their recommendation was “an Outperform” for DKS stock.
Analyzing DKS Stock Performance
During the last five days, there has been a surge of approximately 4.61%. Over the course of the year, Dicks Sporting Goods, Inc. shares have jumped approximately 38.97%. Shares of the company reached a 52-week high of $225.79 on 04/01/24 and a 52-week low of $137.06 on 01/04/24. A 50-day SMA is recorded $196.60, while a 200-day SMA reached $145.75. Nevertheless, trading volume fell to 0.54 million shares from 0.57 million shares the previous day.
Support And Resistance Levels for Dicks Sporting Goods, Inc. (DKS)
According to the 24-hour chart, there is a support level at 201.68, which, if violated, would cause prices to drop to 199.14. In the upper region, resistance lies at 205.49. The next price resistance is at 206.77. RSI (Relative Strength Index) is 52.79 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.09, which suggests the price will increase in the coming days. Percent R is at 33.67%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
