Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. American Eagle Outfitters Inc. shares valued at $652,063 were sold by Foyle Jennifer M. on Mar 20 ’24. At $24.66 per share, Foyle Jennifer M. sold 26,440 shares. The insider’s holdings dropped to 226,497 shares worth approximately $5.69 million following the completion of this transaction.
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Also, Foyle Jennifer M. sold 20,000 shares, netting a total of over 420,000 in proceeds. Following the sale of shares at $21.00 each, the insider now holds 232,459 shares.
Before that, Foyle Jennifer M. had sold 24,271 shares from its account. In a trade valued at $488,163, the Global Brand President-aerie traded American Eagle Outfitters Inc. shares for $20.11 each. Upon closing the transaction, the insider’s holdings decreased to 24,271 shares, worth approximately $5.84 million.
As published in a research note from Telsey Advisory Group on March 08, 2024, American Eagle Outfitters Inc. [AEO] has been retained to a Market perform and the price target has been revised to $25. Analysts at Telsey Advisory Group resumed the stock at ‘”a Market perform”‘ outlook in a report released in early January. As of November 15, 2023, BofA Securities has increased its “an Underperform” rating to a “Neutral” for AEO. Earlier on August 01, 2023, Barclays upgraded its rating. Their new recommendation was “an Overweight” for AEO stock which previously was a “an Equal weight”.
Analyzing AEO Stock Performance
During the last five days, there has been a surge of approximately 1.21%. Over the course of the year, American Eagle Outfitters Inc. shares have jumped approximately 18.81%. Shares of the company reached a 52-week high of $26.44 on 03/07/24 and a 52-week low of $19.72 on 01/19/24. A 50-day SMA is recorded $22.42, while a 200-day SMA reached $17.99. Nevertheless, trading volume fell to 3.28 million shares from 5.68 million shares the previous day.
Support And Resistance Levels for American Eagle Outfitters Inc. (AEO)
According to the 24-hour chart, there is a support level at 24.74, which, if violated, would cause prices to drop to 24.33. In the upper region, resistance lies at 25.45. The next price resistance is at 25.76. RSI (Relative Strength Index) is 62.80 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.91, which suggests the price will decrease in the coming days. Percent R is at 20.16%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is American Eagle Outfitters Inc. subject to short interest?
Stocks of American Eagle Outfitters Inc. saw a sharp steep in short interest on Feb 29, 2024 dropping by -0.83 million shares to 14.44 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 15.27 million shares. A decline of -5.75% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 4.02 of the overall float, the days-to-cover ratio (short ratio) decline to 4.02.
