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Summary: Academy Sports, one of the biggest sports retailers in the US, is publicly listed on the NASDAQ under the ticker ASO, which means you can easily buy Academy Sports stock with online brokers like eToro.
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About Academy Sports
Over the last several decades, the company has grown substantially to $6.4 billion in sales in fiscal 2022.
Academy Sports is listed on the NASDAQ exchange under the stock symbol ASO and is a constituent of the S&P 600 index.
How to Buy Academy Sports Stock [2023] | Step-by-Step
To buy Academy Sports stock, follow these five simple steps.
Step 1: Choose a broker
Before you can start investing, you need to select a reputable broker that aligns with your financial goals and offers a platform suited to your investment style and needs.
We recommend using eToro, which is fully regulated and offers the following features:
- Commission-free stock and ETF trading;
- 2,000+ stocks from 17 exchanges;
- Fractional shares;
- User-friendly platform.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10.
-
Copy top-performing traders in real time, automatically.
-
Regulated by financial authorities including FCA and FINRA.
How to choose the best online broker?
When assessing brokers, consider these factors:
- Product listings: Verify that the broker provides access to ASO;
- Pricing: Verify they offer affordable and competitive rates, preferably commission-free stock trading. Be aware of hidden fees, such as inactivity fees or withdrawal charges;
- Regulation: Ensure the broker is regulated by all relevant financial authorities;
- Security: Confirm the platform has implemented strong cybersecurity measures to protect your data and funds;
- Fractional shares: Fractional shares allow investors to buy stocks based on the dollar value, which is particularly useful for investors on a tight budget or those intending to implement a dollar-cost averaging (DCA) strategy.
Step 2: Open an account
Register for an account on the broker’s website, providing personal details and financial information and, in some cases, answering questions about your investment experience.
Step 3: Fund your account
Before you can start investing, you need to fund your account. Typically, various funding channels will be available to you, including bank transfers, debit or credit card transactions, or third-party payment services such as PayPal (PYPL).
Step 4: Place your order
Now that your account is funded, you can place an order to buy ASO. To do so, follow these steps:
- Navigate to the stock’s detail page: Search Academy Sports using its ticker symbol ASO;
- Decide how you want the order to be executed: Chosoe between a market (an order to buy the stock immediately at the best available price) and a limit order (an order to buy at a specific price or better);
- Determine quantity: Decide how many shares you want to buy or what dollar value you like to invest;
- Double-check: Review all the details before placing the order;
- Place your order: Press ‘Trade’ or ‘Buy’ to submit the order to your broker for execution.
Step 5: Monitor your investment
It’s imperative to regularly recalibrate your investment strategy in light of personal financial shifts or market trends. Yet, while staying informed is key, acting hastily on fleeting market fluctuations may prove detrimental. Remember, successful investing rewards patience and foresight, and excessive trading can escalate costs and tax implications.
Academy Sports stock price today
Pros and cons of buying Academy Sports stock
Pros
- Diverse product range: Academy Sports offers a wide array of products, from sports equipment to outdoor recreation goods, which can cater to a diverse customer base;
- Physical and online presence: With both brick-and-mortar stores and an online platform, they can cater to a wide range of consumer preferences;
- Recreation trend: Especially post-pandemic, there’s been a surge in outdoor and home-based recreational activities, which might boost sales for companies like Academy Sports.
Cons
- Competitive sector: The sporting goods and outdoor retail sector is highly competitive, with several major players vying for market share;
- Economic sensitivity: Retail, especially discretionary retail like sporting goods, can be sensitive to economic downturns;
- Brick-and-mortar overhead: Physical stores have higher operational costs and can be at risk if there’s a shift in consumer preference towards online shopping.
In conclusion
In short, to buy Academy Sports stock, follow these five steps:
- Select a broker;
- Register an account;
- Deposit funds;
- Buy Academy Sports stock;
- Periodically monitor your position in ASO and adjust your portfolio accordingly.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about how to buy Academy Sports stock
How to buy Academy Sports stock?
To buy Academy Sports stock, you need to register an account with an online stockbroker. Once your account is set up, navigate to the stock’s detail page by searching for ASO, decide the amount you want to invest, specify the order type, and place your order for execution.
How do I sell my Academy Sports stock?
To sell your Academy Sports stock, sign in to your brokerage account, go to the stock’s detail page, enter the number of shares or dollar amount you want to offload (again, you can choose between a market and a limit order), and tap sell.
Where can I buy Academy Sports stock?
You can invest n Academy Sports stock using an online brokerage like eToro.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10.
-
Copy top-performing traders in real time, automatically.
-
Regulated by financial authorities including FCA and FINRA.
