Autozone Inc’s filing revealed that its Director JORDAN D BRYAN acquired Company’s shares for reported $9.19 million on Dec 20 ’24. In the deal valued at $3216.52 per share,2,858 shares were bought.
Then, RHODES WILLIAM C III sold 13,000 shares, generating $40,392,888 in total proceeds. Upon selling the shares at $3107.15, the Executive Chairman now owns 13,857 shares.
Before that, RHODES WILLIAM C III sold 2,135 shares. Autozone Inc shares valued at $6,640,487 were divested by the Executive Chairman at a price of $3110.30 per share. As a result of the transaction, RHODES WILLIAM C III now holds 13,857 shares, worth roughly $45.5 million.
BMO Capital Markets initiated its Autozone Inc [AZO] rating to an Outperform in a research note published on December 13, 2024; the price target was $3700. A number of analysts have revised their coverage, including Goldman’s analysts, who decreased its forecast for the stock in mid October from “a Buy” to “a Sell”. Mizuho began covering AZO with “Buy” recommendation on March 19, 2024.
Price Performance Review of AZO
On Tuesday, Autozone Inc [NYSE:AZO] saw its stock jump 1.27% to $3283.48. Over the last five days, the stock has lost -1.07%. Autozone Inc shares have risen nearly 26.99% since the year began. Nevertheless, the stocks have risen 25.87% over the past one year. While a 52-week high of $3416.71 was reached on 12/10/24, a 52-week low of $2510.00 was recorded on 01/09/24. SMA at 50 days reached $3,174.45, while 200 days put it at $3,058.41.
Levels Of Support And Resistance For AZO Stock
The 24-hour chart illustrates a support level at 3,261.71, which if violated will result in even more drops to 3,239.93. On the upside, there is a resistance level at 3,296.11. A further resistance level may holdings at 3,308.74. The Relative Strength Index (RSI) on the 14-day chart is 56.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -35.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.05%. Stochastics %K at 35.21% indicates the stock is a holding.
How much short interest is there in Autozone Inc?
A steep rise in short interest was recorded in Autozone Inc stocks on 2024-11-15, dropping by -0.1 million shares to a total of 0.32 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 0.43 million shares. There was a decline of -31.34%, which implies that there is a negative sentiment for the stock.
