The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Acushnet Holdings Corp shares valued at $369,552 were sold by Lindner Christopher Aaron on Nov 25 ’24. At $73.91 per share, Lindner Christopher Aaron sold 5,000 shares. The insider’s holdings dropped to 88,710 shares worth approximately $6.62 million following the completion of this transaction.
Also, Lindner Christopher Aaron purchased 5,000 shares, netting a total of over 369,533 in proceeds.
Before that, Maher David Eugene had sold 13,936 shares from its account. In a trade valued at $966,502, the President and CEO traded Acushnet Holdings Corp shares for $69.35 each. Upon closing the transaction, the insider’s holdings decreased to 13,936 shares, worth approximately $60.97 million.
As published in a research note from Jefferies on September 17, 2024, Acushnet Holdings Corp [GOLF] has been rated down from a Buy to a Hold and the price target has been revised to $75 from $86. Analysts at Compass Point upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late October. Earlier on August 21, 2023, Jefferies upgraded its rating. Their new recommendation was “a Buy” for GOLF stock which previously was a “a Hold”.
Analyzing GOLF Stock Performance
During the last five days, there has been a surge of approximately 2.90%. Over the course of the year, Acushnet Holdings Corp shares have jumped approximately 4.95%. Shares of the company reached a 52-week high of $76.65 on 01/22/25 and a 52-week low of $70.41 on 01/13/25. A 50-day SMA is recorded $72.14, while a 200-day SMA reached $66.35. Nevertheless, trading volume fell to 0.59 million shares from 0.22 million shares the previous day.
Support And Resistance Levels for Acushnet Holdings Corp (GOLF)
According to the 24-hour chart, there is a support level at 73.68, which, if violated, would cause prices to drop to 72.75. In the upper region, resistance lies at 76.09. The next price resistance is at 77.57. RSI (Relative Strength Index) is 61.10 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.08, which suggests the price will increase in the coming days. Percent R is at 32.85%, indicating low price movement. Stochastics %K at selling indicates that the stock is to be held.
