Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Academy Sports and Outdoors Inc shares valued at $72,000 were sold by Tweedy Jeffrey C. on Apr 23 ’24. At $60.00 per share, Tweedy Jeffrey C. sold 1,200 shares. The insider’s holdings dropped to 7,870 shares worth approximately $0.41 million following the completion of this transaction.
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Also, Tweedy Jeffrey C. sold 1,065 shares, netting a total of over 69,023 in proceeds. Following the sale of shares at $64.81 each, the insider now holds 9,070 shares.
Before that, Tweedy Jeffrey C. had sold 1,065 shares from its account. In a trade valued at $53,250, the Director traded Academy Sports and Outdoors Inc shares for $50.00 each. Upon closing the transaction, the insider’s holdings decreased to 1,065 shares, worth approximately $0.53 million.
As published in a research note from UBS on June 12, 2024, Academy Sports and Outdoors Inc [ASO] has been rated down from a Buy to a Neutral and the price target has been revised to $58 from $81. Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid June. As of April 12, 2024, Jefferies has initiated its “Buy” rating for ASO. Earlier on March 22, 2024, Telsey Advisory Group resumed its rating. Their recommendation was “an Outperform” for ASO stock.
Analyzing ASO Stock Performance
During the last five days, there has been a drop of approximately -3.72%. Over the course of the year, Academy Sports and Outdoors Inc shares have dropped approximately -20.11%. Shares of the company reached a 52-week high of $75.73 on 03/05/24 and a 52-week low of $49.07 on 06/11/24. A 50-day SMA is recorded $55.83, while a 200-day SMA reached $57.52. Nevertheless, trading volume fell to 1.56 million shares from 1.62 million shares the previous day.
Support And Resistance Levels for Academy Sports and Outdoors Inc (ASO)
According to the 24-hour chart, there is a support level at 52.28, which, if violated, would cause prices to drop to 51.82. In the upper region, resistance lies at 53.14. The next price resistance is at 53.54. RSI (Relative Strength Index) is 42.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.46, which suggests the price will decrease in the coming days. Percent R is at 47.99%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
