Oversold, Dick’s Sporting Goods (DKS) is just starting to pivot higher again. 

Not long ago, the stock was crushed by earnings. That was after the company posted EPS of $3.53, which missed estimates by 23 cents. And while revenue of $5.59 billion was up 53.2%, year over year, it was still $50 million short of expectations. All of which sent the stock to a low last seen in late 2023, creating an opportunity as RSI, MACD, and Williams’ %R dipped well into oversold territory with it. 

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Fueling momentum, director Larry Fitzgerald just bought 1,860 shares at a price of $131.67 per share for $244,906. In addition, Gupta Navdeep, an officer serving as EVP, Chief Financial Officer, purchased 7,707 shares at $129.75 per share for just under $1 million. 

If insiders are putting their money where their mouths are, pay close attention.After all, it’s the insiders that know their company the best. And if they’re willing to put down a good deal of money on it, it’s a clear sign they’re bullish on the future.

Sincerely,

Ian Cooper