The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Boot Barn Holdings Inc shares valued at $1,437,921 were sold by Watkins James M on Sep 10 ’24. At $153.69 per share, Watkins James M sold 9,356 shares. The insider’s holdings dropped to 11,408 shares worth approximately $1.9 million following the completion of this transaction.
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Also, Watkins James M purchased 9,356 shares, netting a total of over 1,436,925 in proceeds.
Before that, MACDONALD ANNE had sold 1,698 shares from its account. In a trade valued at $229,570, the Director traded Boot Barn Holdings Inc shares for $135.20 each. Upon closing the transaction, the insider’s holdings decreased to 1,698 shares, worth approximately $0.0.
As published in a research note from UBS on July 24, 2024, Boot Barn Holdings Inc [BOOT] has been rated down from a Buy to a Neutral and the price target has been revised to $125 from $140. Analysts at Citigroup resumed the stock at ‘”a Buy”‘ outlook in a report released in mid July. As of February 07, 2024, KeyBanc Capital Markets has initiated its “Sector weight” rating for BOOT. Earlier on February 01, 2024, BTIG Research resumed its rating. Their recommendation was “a Buy” for BOOT stock.
Analyzing BOOT Stock Performance
During the last five days, there has been a surge of approximately 4.05%. Over the course of the year, Boot Barn Holdings Inc shares have jumped approximately 116.75%. Shares of the company reached a 52-week high of $169.83 on 10/17/24 and a 52-week low of $68.37 on 01/04/24. A 50-day SMA is recorded $150.94, while a 200-day SMA reached $114.93. Nevertheless, trading volume fell to 0.51 million shares from 0.47 million shares the previous day.
Support And Resistance Levels for Boot Barn Holdings Inc (BOOT)
According to the 24-hour chart, there is a support level at 165.14, which, if violated, would cause prices to drop to 163.91. In the upper region, resistance lies at 168.72. The next price resistance is at 171.07. RSI (Relative Strength Index) is 62.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.80, which suggests the price will increase in the coming days. Percent R is at 30.67%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
