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An Analysis of Academy Sports and Outdoors Inc (ASO)’s Potential Price Growth

Academy Sports and Outdoors Inc’s recently made public that its Director Tweedy Jeffrey C. unloaded Company’s shares for reported $74400.0 on Sep 18 ’24. In the deal valued at $62.00 per share,1,200 shares were sold. As a result of this transaction, Tweedy Jeffrey C. now holds 8,906 shares worth roughly $0.42 million.

Then, Tweedy Jeffrey C. bought 1,200 shares, generating $74,400 in total proceeds.

Before that, Tweedy Jeffrey C. sold 625 shares. Academy Sports and Outdoors Inc shares valued at $33,906 were divested by the Director at a price of $54.25 per share. As a result of the transaction, Tweedy Jeffrey C. now holds 10,106 shares, worth roughly $0.48 million.

Citigroup initiated its Academy Sports and Outdoors Inc [ASO] rating to a Buy in a research note published on December 18, 2024; the price target was $65. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in early December has reiterated a ‘”an Outperform”‘ rating for it. Truist also remained covering ASO and has decreased its forecast on November 19, 2024 with a “Hold” recommendation from previously “Buy” rating. Evercore ISI revised its rating on October 03, 2024. It rated ASO as “an In-line” which previously was an “an Outperform”.

Price Performance Review of ASO

On Tuesday, Academy Sports and Outdoors Inc [NASDAQ:ASO] saw its stock fall -2.49% to $47.33. Over the last five days, the stock has lost -7.50%. Academy Sports and Outdoors Inc shares have fallen nearly -17.73% since the year began. Nevertheless, the stocks have fallen -36.66% over the past one year. While a 52-week high of $75.73 was reached on 01/08/25, a 52-week low of $44.73 was recorded on 03/04/25. SMA at 50 days reached $53.99, while 200 days put it at $53.66.

Levels Of Support And Resistance For ASO Stock

The 24-hour chart illustrates a support level at 46.34, which if violated will result in even more drops to 45.35. On the upside, there is a resistance level at 48.27. A further resistance level may holdings at 49.21. The Relative Strength Index (RSI) on the 14-day chart is 29.45, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.27%. Stochastics %K at 12.23% indicates the stock is a buying.

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