Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Dicks Sporting Goods, Inc. shares valued at $721,002 were sold by Ralls-Morrison Desiree on Jul 11 ’24. At $206.65 per share, Ralls-Morrison Desiree sold 3,489 shares. The insider’s holdings dropped to 5,609 shares worth approximately $1.21 million following the completion of this transaction.
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Also, COLOMBO WILLIAM J sold 1 shares, netting a total of over 154 in proceeds. Following the sale of shares at $215.64 each, the insider now holds 0 shares.
Before that, Lodge-Jarrett Julie had sold 4,910 shares from its account. In a trade valued at $1,090,118, the EVP, Chf People & Purpose Ofcr traded Dicks Sporting Goods, Inc. shares for $222.02 each. Upon closing the transaction, the insider’s holdings decreased to 4,910 shares, worth approximately $3.56 million.
As published in a research note from Telsey Advisory Group on August 30, 2024, Dicks Sporting Goods, Inc. [DKS] has been retained to an Outperform and the price target has been revised to $260. Analysts at Telsey Advisory Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in late May. As of May 29, 2024, BofA Securities has increased its “Neutral” rating to a “Buy” for DKS. Earlier on April 12, 2024, Jefferies initiated its rating. Their recommendation was “a Hold” for DKS stock.
Analyzing DKS Stock Performance
During the last five days, there has been a surge of approximately 2.24%. Over the course of the year, Dicks Sporting Goods, Inc. shares have jumped approximately 46.60%. Shares of the company reached a 52-week high of $239.30 on 08/23/24 and a 52-week low of $137.06 on 01/04/24. A 50-day SMA is recorded $215.53, while a 200-day SMA reached $192.19. Nevertheless, trading volume fell to 0.75 million shares from 1.01 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 213.02, which, if violated, would cause prices to drop to 210.60. In the upper region, resistance lies at 218.06. The next price resistance is at 220.68. RSI (Relative Strength Index) is 48.34 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.72, which suggests the price will decrease in the coming days. Percent R is at 64.31%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
