Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Academy Sports and Outdoors Inc shares valued at $74,400 were sold by Tweedy Jeffrey C. on Sep 18 ’24. At $62.00 per share, Tweedy Jeffrey C. sold 1,200 shares. The insider’s holdings dropped to 8,906 shares worth approximately $0.49 million following the completion of this transaction.
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Also, Tweedy Jeffrey C. purchased 1,200 shares, netting a total of over 74,400 in proceeds.
Before that, Tweedy Jeffrey C. had sold 625 shares from its account. In a trade valued at $33,906, the Director traded Academy Sports and Outdoors Inc shares for $54.25 each. Upon closing the transaction, the insider’s holdings decreased to 625 shares, worth approximately $0.56 million.
As published in a research note from TD Cowen on August 13, 2024, Academy Sports and Outdoors Inc [ASO] has been rated down from a Buy to a Hold and the price target has been revised to $54 from $58. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in early August. As of June 12, 2024, UBS has decreased its “Buy” rating to a “Neutral” for ASO. Earlier on June 11, 2024, BofA Securities downgraded its rating. Their new recommendation was “a Neutral” for ASO stock which previously was a “a Buy”.
Analyzing ASO Stock Performance
During the last five days, there has been a drop of approximately -6.16%. Over the course of the year, Academy Sports and Outdoors Inc shares have dropped approximately -15.82%. Shares of the company reached a 52-week high of $75.73 on 03/05/24 and a 52-week low of $45.47 on 08/05/24. A 50-day SMA is recorded $54.98, while a 200-day SMA reached $59.67. Nevertheless, trading volume fell to 1.06 million shares from 1.27 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 55.08, which, if violated, would cause prices to drop to 54.60. In the upper region, resistance lies at 56.11. The next price resistance is at 56.66. RSI (Relative Strength Index) is 43.33 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.88, which suggests the price will decrease in the coming days. Percent R is at 95.67%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
