Jefferies analysts downgrades a Hold rating for Guess Inc. (GES)

Guess Inc.’s filing revealed that its 10% Owner MARCIANO MAURICE unloaded Company’s shares for reported $14.13 million on Dec 21. In the deal valued at $23.55 per share,600,000 shares were sold. As a result of this transaction, MARCIANO MAURICE now holds 1,200,000 shares worth roughly $28.48 million.

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Then, MARCIANO PAUL sold 300,000 shares, generating $7,065,540 in total proceeds. Upon selling the shares at $23.55, the Chief Creative Officer now owns 4,325,109 shares.

Before that, MARCIANO PAUL sold 150,000 shares. Guess Inc. shares valued at $3,377,895 were divested by the Chief Creative Officer at a price of $22.52 per share. As a result of the transaction, MARCIANO PAUL now holds 1,081,700 shares, worth roughly $25.67 million.

Jefferies downgraded its Guess Inc. [GES] rating to a Hold from a a Buy in a research note published on Monday, January 04, 2024; the price target was decreased to $24 from $25.

Price Performance Review of GES

On Monday, Guess Inc. [NYSE:GES] saw its stock jump 1.58% to $23.73. Over the last five days, the stock has gained 4.95%. Guess Inc. shares have risen nearly 2.91% since the year began. Nevertheless, the stocks have risen 9.46% over the past one year. While a 52-week high of $24.84 was reached on 02/12/24, a 52-week low of $17.21 was recorded on 01/04/24. SMA at 50 days reached $22.93, while 200 days put it at $21.34. A total of 0.71 million shares were traded, compared to the trading of 0.41 million shares in the previous session.

Levels Of Support And Resistance For GES Stock

The 24-hour chart illustrates a support level at 23.41, which if violated will result in even more drops to 23.10. On the upside, there is a resistance level at 23.99. A further resistance level may holdings at 24.26. The Relative Strength Index (RSI) on the 14-day chart is 59.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.42, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 12.88%. Stochastics %K at 78.62% indicates the stock is a holding.

How much short interest is there in Guess Inc.?

A steep rise in short interest was recorded in Guess Inc. stocks on Jan 31, 2024, dropping by 90000.0 shares to a total of 7.12 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2023 was 7.21 million shares. There was a decline of -1.26%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 26.42% of the overall stock float, the days-to-cover ratio (short ratio) fell to 9.2.

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