Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Ralph Lauren Corp shares valued at $531,450,000 were sold by Lauren Family, L.L.C. on Mar 04 ’24. At $177.15 per share, Lauren Family, L.L.C. sold 3,000,000 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Alagoz Halide sold 2,115 shares, netting a total of over 374,821 in proceeds. Following the sale of shares at $177.22 each, the insider now holds 27,872 shares.
Before that, Alagoz Halide had sold 2,000 shares from its account. In a trade valued at $286,020, the Chief Product Officer traded Ralph Lauren Corp shares for $143.01 each. Upon closing the transaction, the insider’s holdings decreased to 2,000 shares, worth approximately $5.59 million.
As published in a research note from Telsey Advisory Group on February 09, 2024, Ralph Lauren Corp [RL] has been retained to an Outperform and the price target has been revised to $195. Analysts at Goldman upgraded the stock from ‘”a Sell”‘ to ‘”a Neutral”‘ outlook in a report released in mid December. As of November 07, 2023, Evercore ISI has initiated its “an Outperform” rating for RL. Earlier on September 22, 2023, Raymond James initiated its rating. Their recommendation was “an Outperform” for RL stock.
Analyzing RL Stock Performance
During the last five days, there has been a drop of approximately -2.01%. Over the course of the year, Ralph Lauren Corp shares have jumped approximately 29.33%. Shares of the company reached a 52-week high of $192.03 on 03/21/24 and a 52-week low of $134.90 on 01/18/24. A 50-day SMA is recorded $169.66, while a 200-day SMA reached $135.20. Nevertheless, trading volume fell to 0.53 million shares from 0.92 million shares the previous day.
Support And Resistance Levels for Ralph Lauren Corp (RL)
According to the 24-hour chart, there is a support level at 184.95, which, if violated, would cause prices to drop to 183.39. In the upper region, resistance lies at 187.31. The next price resistance is at 188.11. RSI (Relative Strength Index) is 60.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.56, which suggests the price will decrease in the coming days. Percent R is at 32.13%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Ralph Lauren Corp subject to short interest?
Stocks of Ralph Lauren Corp saw a sharp steep in short interest on Feb 29, 2024 dropping by -0.27 million shares to 3.34 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 3.61 million shares. A decline of -8.08% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.95 of the overall float, the days-to-cover ratio (short ratio) decline to 2.95.
