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Acushnet Holdings Corp [GOLF] Shares Rise 0.73 on Wednesday

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Acushnet Holdings Corp shares valued at $491,400 were sold by Lindner Christopher Aaron on Jun 03 ’24. At $65.52 per share, Lindner Christopher Aaron sold 7,500 shares. The insider’s holdings dropped to 93,710 shares worth approximately $5.78 million following the completion of this transaction.

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Also, Lindner Christopher Aaron sold 2,644 shares, netting a total of over 171,199 in proceeds. Following the sale of shares at $64.75 each, the insider now holds 101,210 shares.

Before that, Duke John Francis JR had sold 17,000 shares from its account. In a trade valued at $1,093,391, the President-Titleist Golf Gear traded Acushnet Holdings Corp shares for $64.32 each. Upon closing the transaction, the insider’s holdings decreased to 17,000 shares, worth approximately $8.05 million.

As published in a research note from Compass Point on October 30, 2023, Acushnet Holdings Corp [GOLF] has been rated up from a Neutral to a Buy and the price target has been revised to $60. As of August 21, 2023, Jefferies has increased its “Hold” rating to a “Buy” for GOLF. Earlier on April 19, 2023, KeyBanc Capital Markets initiated its rating. Their recommendation was “an Overweight” for GOLF stock.

Analyzing GOLF Stock Performance

During the last five days, there has been a drop of approximately -5.46%. Over the course of the year, Acushnet Holdings Corp shares have dropped approximately -2.33%. Shares of the company reached a 52-week high of $70.10 on 02/23/24 and a 52-week low of $60.02 on 04/16/24. A 50-day SMA is recorded $63.85, while a 200-day SMA reached $61.16. Nevertheless, trading volume fell to 90815.0 shares from 0.3 million shares the previous day.

Support And Resistance Levels for Acushnet Holdings Corp (GOLF)

According to the 24-hour chart, there is a support level at 61.30, which, if violated, would cause prices to drop to 60.59. In the upper region, resistance lies at 62.47. The next price resistance is at 62.93. RSI (Relative Strength Index) is 38.96 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.56, which suggests the price will decrease in the coming days. Percent R is at 75.80%, indicating bearish price movement. Stochastics%K at buying indicates that the stock is to be held.

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