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 $1.45 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 Robert W. Baird on October 30, 2024, Boot Barn Holdings Inc [BOOT] has been rated up from a Neutral to an Outperform and the price target has been revised to $167. Analysts at BTIG Research resumed the stock at ‘”a Buy”‘ outlook in a report released in late October. As of October 25, 2024, Craig Hallum has decreased its “Buy” rating to a “Hold” for BOOT. Earlier on July 24, 2024, UBS downgraded its rating. Their new recommendation was “a Neutral” for BOOT stock which previously was a “a Buy”.
Analyzing BOOT Stock Performance
During the last five days, there has been a surge of approximately 0.02%. Over the course of the year, Boot Barn Holdings Inc shares have jumped approximately 65.72%. 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 $153.04, while a 200-day SMA reached $120.00. Nevertheless, trading volume fell to 1.36 million shares from 0.82 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 123.61, which, if violated, would cause prices to drop to 120.01. In the upper region, resistance lies at 133.49. The next price resistance is at 139.77. RSI (Relative Strength Index) is 28.30 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -16.29, which suggests the price will decrease in the coming days. Percent R is at 93.56%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
