Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Boot Barn Holdings Inc shares valued at $7,268,261 were sold by Conroy James Grant on Nov 08 ’24. At $135.36 per share, Conroy James Grant sold 53,697 shares. The insider’s holdings dropped to 69,943 shares worth approximately $9.53 million following the completion of this transaction.
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Also, Conroy James Grant sold 52,379 shares, netting a total of over 7,096,956 in proceeds. Following the sale of shares at $135.49 each, the insider now holds 23,670 shares.
Before that, Conroy James Grant had added 52,379 shares to its account. In a trade valued at $7,097,033, the Officer bought Boot Barn Holdings Inc shares for $135.49 each.
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 2.70%. Over the course of the year, Boot Barn Holdings Inc shares have jumped approximately 77.48%. 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 $150.38, while a 200-day SMA reached $124.18. Nevertheless, trading volume fell to 0.65 million shares from 1.21 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 134.22, which, if violated, would cause prices to drop to 132.22. In the upper region, resistance lies at 139.62. The next price resistance is at 143.01. RSI (Relative Strength Index) is 45.62 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.46, which suggests the price will increase in the coming days. Percent R is at 59.70%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
