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Citigroup initates Academy Sports and Outdoors Inc (ASO) stock to a Buy

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 $0.33 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 $0.37 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 Monday, Academy Sports and Outdoors Inc [NASDAQ:ASO] saw its stock fall -2.83% to $36.78. Over the last five days, the stock has gained 0.57%. Academy Sports and Outdoors Inc shares have fallen nearly -36.07% since the year began. Nevertheless, the stocks have fallen -36.20% over the past one year. While a 52-week high of $64.61 was reached on 01/08/25, a 52-week low of $33.34 was recorded on 04/09/25. SMA at 50 days reached $46.26, while 200 days put it at $51.95.

Levels Of Support And Resistance For ASO Stock

The 24-hour chart illustrates a support level at 35.98, which if violated will result in even more drops to 35.18. On the upside, there is a resistance level at 37.66. A further resistance level may holdings at 38.54. The Relative Strength Index (RSI) on the 14-day chart is 37.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.37%. Stochastics %K at 28.53% indicates the stock is a holding.

How much short interest is there in Academy Sports and Outdoors Inc?

A steep rise in short interest was recorded in Academy Sports and Outdoors Inc stocks on 2025-03-31, dropping by -0.58 million shares to a total of 8.25 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 8.83 million shares. There was a decline of -6.98%, which implies that there is a negative sentiment for the stock.

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