Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Autozone Inc shares valued at $1,082,725 were purchased by MRKONIC GEORGE R JR on Jan 02 ’25. At $3212.83 per share, MRKONIC GEORGE R JR acquired 337 shares.
Also, JORDAN D BRYAN purchased 2,858 shares, netting a total of over 9,192,826 in proceeds.
Before that, RHODES WILLIAM C III had sold 13,000 shares from its account. In a trade valued at $40,392,888, the Executive Chairman traded Autozone Inc shares for $3107.15 each. Upon closing the transaction, the insider’s holdings decreased to 13,000 shares, worth approximately $45.77 million.
As published in their initiating research note from BMO Capital Markets on December 13, 2024, Autozone Inc [AZO] has been an Outperform and the price target has been revised to $3700. Analysts at Goldman downgraded the stock from ‘”a Buy”‘ to ‘”a Sell”‘ outlook in a report released in mid October. As of March 19, 2024, Mizuho has initiated its “Buy” rating for AZO.
Analyzing AZO Stock Performance
During the last five days, there has been a surge of approximately 3.17%. Over the course of the year, Autozone Inc shares have jumped approximately 3.17%. Shares of the company reached a 52-week high of $3,334.64 on 01/07/25 and a 52-week low of $3,211.15 on 01/02/25. A 50-day SMA is recorded $3,190.58, while a 200-day SMA reached $3,063.22. Nevertheless, trading volume fell to 82200.0 shares from 0.1 million shares the previous day.
Support And Resistance Levels for Autozone Inc (AZO)
According to the 24-hour chart, there is a support level at 3,266.48, which, if violated, would cause prices to drop to 3,229.60. In the upper region, resistance lies at 3,322.73. The next price resistance is at 3,342.10. RSI (Relative Strength Index) is 57.20 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 37.07, which suggests the price will increase in the coming days. Percent R is at 19.54%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
