Abercrombie & Fitch Co.’s filing revealed that its President-Global Brands Scott Kristin A. unloaded Company’s shares for reported $15.14 million on Mar 08 ’24. In the deal valued at $126.15 per share,120,000 shares were sold. As a result of this transaction, Scott Kristin A. now holds 38,208 shares worth roughly $4.63 million.
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Then, Lipesky Scott D. sold 35,000 shares, generating $4,478,250 in total proceeds. Upon selling the shares at $127.95, the EVP, COO and CFO now owns 88,558 shares.
Before that, HENCHEL GREGORY J sold 35,000 shares. Abercrombie & Fitch Co. shares valued at $4,235,753 were divested by the SVP, Gen Cnsl & Secy at a price of $121.02 per share. As a result of the transaction, HENCHEL GREGORY J now holds 26,338 shares, worth roughly $3.19 million.
Telsey Advisory Group reiterated its Abercrombie & Fitch Co. [ANF] rating to an Outperform in a research note published on March 07, 2024; the price target was $152. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in late February has reiterated a ‘”an Outperform”‘ rating for it. Telsey Advisory Group also remained covering ANF and reiterated its “an Outperform” recommendation on January 09, 2024. Telsey Advisory Group maintained its rating on November 22, 2023. It rated ANF as “an Outperform”.
Price Performance Review of ANF
On Monday, Abercrombie & Fitch Co. [NYSE:ANF] saw its stock fall -10.22% to $121.17. Over the last five days, the stock has lost -7.38%. Abercrombie & Fitch Co. shares have risen nearly 37.35% since the year began. Nevertheless, the stocks have risen 392.16% over the past one year. While a 52-week high of $140.28 was reached on 03/05/24, a 52-week low of $21.74 was recorded on 01/02/24. SMA at 50 days reached $116.79, while 200 days put it at $72.24. A total of 2.68 million shares were traded, compared to the trading of 1.02 million shares in the previous session.
Levels Of Support And Resistance For ANF Stock
The 24-hour chart illustrates a support level at 116.50, which if violated will result in even more drops to 111.82. On the upside, there is a resistance level at 130.22. A further resistance level may holdings at 139.26. The Relative Strength Index (RSI) on the 14-day chart is 46.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.60, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bearish at 73.70%. Stochastics %K at 64.87% indicates the stock is a holding.
How much short interest is there in Abercrombie & Fitch Co.?
A steep rise in short interest was recorded in Abercrombie & Fitch Co. stocks on Feb 29, 2024, dropping by -0.43 million shares to a total of 5.71 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 6.14 million shares. There was a decline of -7.53%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 16.23% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.21.
