Following these proceedings, Bernstein downgraded its Amer Sports Inc. [AS] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in late February with a ‘”an Overweight”‘ rating. UBS began covering AS with “Buy” recommendation on February 26, 2024. TD Cowen started covering the stock on February 26, 2024. It rated AS as “an Outperform”.
Price Performance Review of AS
On Tuesday, Amer Sports Inc. [NYSE:AS] saw its stock jump 6.87% to $18.35. Over the last five days, the stock has gained 11.62%. Amer Sports Inc. shares have risen nearly 36.94% since the year began.
Levels Of Support And Resistance For AS Stock
The 24-hour chart illustrates a support level at 17.18, which if violated will result in even more drops to 16.02. On the upside, there is a resistance level at 19.05. A further resistance level may holdings at 19.76. The Relative Strength Index (RSI) on the 14-day chart is 81.04, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.44, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.14%. Stochastics %K at 93.67% indicates the stock is a selling.
How much short interest is there in Amer Sports Inc.?
A steep rise in short interest was recorded in Amer Sports Inc. stocks on 2024-09-13, dropping by -0.54 million shares to a total of 6.85 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 7.39 million shares. There was a decline of -7.83%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on February 26, 2024 when Robert W. Baird began covering the stock and recommended ‘”an Outperform”‘ rating along with a $20 price target.
