Academy Sports and Outdoors Inc’s filing revealed that its Director Tweedy Jeffrey C. unloaded Company’s shares for reported $74400.0 on Sep 18 ’24. In the deal valued at $62.00 per share,1,200 shares were sold. As a result of this transaction, Tweedy Jeffrey C. now holds 8,906 shares worth roughly $0.45 million.
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Then, Tweedy Jeffrey C. bought 1,200 shares, generating $74,400 in total proceeds.
Before that, Tweedy Jeffrey C. sold 625 shares. Academy Sports and Outdoors Inc shares valued at $33,906 were divested by the Director at a price of $54.25 per share. As a result of the transaction, Tweedy Jeffrey C. now holds 10,106 shares, worth roughly $0.51 million.
Evercore ISI downgraded its Academy Sports and Outdoors Inc [ASO] rating to an In-line from a an Outperform in a research note published on October 03, 2024; the price target was decreased to $60 from $65. A number of analysts have revised their coverage, including TD Cowen’s analysts, who decreased its forecast for the stock in mid August from “a Buy” to “a Hold”. JP Morgan also remained covering ASO and has decreased its forecast on August 05, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. UBS revised its rating on June 12, 2024. It rated ASO as “a Neutral” which previously was an “a Buy”.
Price Performance Review of ASO
On Tuesday, Academy Sports and Outdoors Inc [NASDAQ:ASO] saw its stock fall -1.44% to $50.00. Over the last five days, the stock has lost -6.19%. Academy Sports and Outdoors Inc shares have fallen nearly -24.24% since the year began. Nevertheless, the stocks have risen 9.48% over the past one year. While a 52-week high of $75.73 was reached on 03/05/24, a 52-week low of $44.56 was recorded on 08/05/24. SMA at 50 days reached $55.22, while 200 days put it at $58.11.
Levels Of Support And Resistance For ASO Stock
The 24-hour chart illustrates a support level at 49.52, which if violated will result in even more drops to 49.04. On the upside, there is a resistance level at 50.88. A further resistance level may holdings at 51.75. The Relative Strength Index (RSI) on the 14-day chart is 36.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.84%. Stochastics %K at 15.05% indicates the stock is a buying.
How much short interest is there in Academy Sports and Outdoors Inc?
A steep rise in short interest was recorded in Academy Sports and Outdoors Inc stocks on 2024-10-31, dropping by -0.97 million shares to a total of 4.91 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 5.88 million shares. There was a decline of -19.79%, which implies that there is a negative sentiment for the stock.
