Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Abercrombie & Fitch Co. shares valued at $497,620 were sold by BURMAN TERRY LEE on Mar 03. At $28.39 per share, BURMAN TERRY LEE sold 17,528 shares. The insider’s holdings dropped to 35,686 shares worth approximately $1.02 million following the completion of this transaction.
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Also, Scott Kristin A. sold 52,431 shares, netting a total of over 1,461,252 in proceeds. Following the sale of shares at $27.87 each, the insider now holds 101,248 shares.
Before that, BURMAN TERRY LEE had sold 42,663 shares from its account. In a trade valued at $962,733, the Director traded Abercrombie & Fitch Co. shares for $22.57 each. Upon closing the transaction, the insider’s holdings decreased to 42,663 shares, worth approximately $1.52 million.
Analyzing ANF Stock Performance
On Thursday, Abercrombie & Fitch Co. [NYSE: ANF] plunged -5.31% to $28.56. The stock’s lowest price that day was $28.43, but it reached a high of $30.88 in the same session. During the last five days, there has been a surge of approximately 18.36%. Over the course of the year, Abercrombie & Fitch Co. shares have jumped approximately 24.66%. Shares of the company reached a 52-week high of $31.69 on 02/14/23 and a 52-week low of $21.74 on 05/04/23. A 50-day SMA is recorded $24.89, while a 200-day SMA reached $22.65. Nevertheless, trading volume fell to 5.17 million shares from 13.65 million shares the previous day.
Support And Resistance Levels for Abercrombie & Fitch Co. (ANF)
According to the 24-hour chart, there is a support level at 27.70, which, if violated, would cause prices to drop to 26.84. In the upper region, resistance lies at 30.15. The next price resistance is at 31.74. RSI (Relative Strength Index) is 64.46 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.94, which suggests the price will increase in the coming days. Percent R is at 26.76%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Abercrombie & Fitch Co. subject to short interest?
Stocks of Abercrombie & Fitch Co. saw a sharp rise in short interest on Apr 27, 2023 jumping by 1.31 million shares to 6.24 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2023 was 4.93 million shares. A jump of 20.99% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.67 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.67.
Which companies own the most shares of Abercrombie & Fitch Co. (ANF)?
According to BlackRock Fund Advisors filings, the company currently owns 7,566,159 shares, which is about 15.37% of the total ANF shares outstanding. The investor’s shares have plunged by -14,614 from its previous 13-F filing of 7580773.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $136,420,350. Dimensional Fund Advisors LP acquire a 3.83% interest valued at $77.02 million while SSgA Funds Management, Inc. purchased a 44,221 stake. A total of 10,627 shares of Abercrombie & Fitch Co. were bought by Arrowstreet Capital LP during the quarter, and -807,952 were sold by D. E. Shaw & Co. LP. In its current portfolio, Point72 Asset Management LP holds 1,503,662 shares valued at $35.4 million.
In terms of Abercrombie & Fitch Co. share price expectations, FactSet research, analysts set an average price target of $31.17 in the next 12 months, up nearly 11.07% from the previous closing price of $30.16. Analysts anticipate Abercrombie & Fitch Co. stock to reach $35.00 by 2023, with the lowest price target being $18.00. In spite of this, 9 analysts ranked Abercrombie & Fitch Co. stock as a Hold at the end of 2023.