GES (Guess? Inc.) may reap gains as insiders became active recently


Guess? Inc.’s recent filing unveils that its Director Weinswig Deborah unloaded Company’s shares for reported $0.41 million on Jun 07. In the deal valued at $20.67 per share,20,000 shares were sold. As a result of this transaction, Weinswig Deborah now holds 26,069 shares worth roughly $ 0.62 million.

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Then, CHIDONI ANTHONY sold 10,000 shares, generating $166,000 in total proceeds. Upon selling the shares at $16.60, the Director now owns 199,552 shares.

UBS initiated its Guess? Inc. [GES] rating to a Neutral in a research note published on Tuesday, June 16, 2023; the price target was $22. PT values the company’s stock at a premium of -8.41 to its Tuesday closing price.

Price Performance Review of GES

On Tuesday, Guess? Inc. [NYSE:GES] saw its stock fall -2.57% to $23.85. On the same session, the stock had its day’s lowest price of $23.57, but rose to a high of $23.98. Over the last five days, the stock has gained 2.80%. Guess? Inc. shares have risen nearly 15.27% since the year began. Nevertheless, the stocks have risen 41.54% over the past one year. While a 52-week high of $24.84 was reached on 08/31/23, a 52-week low of $14.27 was recorded on 05/24/23. SMA at 50 days reached $20.61, while 200 days put it at $20.43. A total of 1.47 million shares were traded, compared to the trading of 0.71 million shares in the previous session.

Levels Of Support And Resistance For GES Stock

The 24-hour chart illustrates a support level at 23.62, which if violated will result in even more drops to 23.39. On the upside, there is a resistance level at 24.03. A further resistance level may holdings at 24.21. The Relative Strength Index (RSI) on the 14-day chart is 63.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.31, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 14.31%. Stochastics %K at 91.76% indicates the stock is a selling.

How much short interest is there in Guess? Inc.?

A steep rise in short interest was recorded in Guess? Inc. stocks on Aug 14, 2023, growing by 0.15 million shares to a total of 7.97 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 7.82 million shares. There was a rise of 1.88%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 29.74% of the overall stock float, the days-to-cover ratio (short ratio) rose to 13.41.

According to FactSet, Guess? Inc.’s share price will average $26.38 in the next year, based on opinions of analysts polled by the firm. This is up nearly 4.17 percent from its previous closing price of $24.48. Analysts expect Guess? Inc. stock to reach the higher price of $32.50, while the lowest price estimate is $22.00.


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