Acushnet Holdings Corp’s recent filing unveils that its President – FootJoy Lindner Christopher Aaron unloaded Company’s shares for reported $0.37 million on Nov 25 ’24. In the deal valued at $73.91 per share,5,000 shares were sold. As a result of this transaction, Lindner Christopher Aaron now holds 88,710 shares worth roughly $6.54 million.
Then, Lindner Christopher Aaron bought 5,000 shares, generating $369,533 in total proceeds.
Before that, Maher David Eugene sold 13,936 shares. Acushnet Holdings Corp shares valued at $966,502 were divested by the President and CEO at a price of $69.35 per share. As a result of the transaction, Maher David Eugene now holds 817,341 shares, worth roughly $60.26 million.
Jefferies downgraded its Acushnet Holdings Corp [GOLF] rating to a Hold from a a Buy in a research note published on September 17, 2024; the price target was decreased to $75 from $86. A number of analysts have revised their coverage, including Compass Point’s analysts, who increased its forecast for the stock in late October from “a Neutral” to “a Buy”. Jefferies revised its rating on August 21, 2023. It rated GOLF as “a Buy” which previously was an “a Hold”.
Price Performance Review of GOLF
On Friday, Acushnet Holdings Corp [NYSE:GOLF] saw its stock jump 0.10% to $73.73. Over the last five days, the stock has gained 3.16%. Acushnet Holdings Corp shares have risen nearly 3.73% since the year began. Nevertheless, the stocks have risen 18.96% over the past one year. While a 52-week high of $76.59 was reached on 01/17/25, a 52-week low of $58.54 was recorded on 01/13/25. SMA at 50 days reached $71.66, while 200 days put it at $66.25.
Levels Of Support And Resistance For GOLF Stock
The 24-hour chart illustrates a support level at 73.23, which if violated will result in even more drops to 72.72. On the upside, there is a resistance level at 74.45. A further resistance level may holdings at 75.16. The Relative Strength Index (RSI) on the 14-day chart is 60.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.52, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.19%. Stochastics %K at 84.91% indicates the stock is a selling.
How much short interest is there in Acushnet Holdings Corp?
A steep rise in short interest was recorded in Acushnet Holdings Corp stocks on 2024-12-31, dropping by -0.13 million shares to a total of 3.89 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 4.02 million shares. There was a decline of -3.33%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 19, 2023 when KeyBanc Capital Markets began covering the stock and recommended ‘”an Overweight”‘ rating along with a $57 price target.
