VF Corp.’s filing revealed that its Director Carucci Richard acquired Company’s shares for reported $0.31 million on Feb 26 ’24. In the deal valued at $15.53 per share,20,000 shares were bought. As a result of this transaction, Carucci Richard now holds 182,810 shares worth roughly $2.52 million.
Then, Dorer Benno O sold 4 shares, generating $62 in total proceeds. Upon selling the shares at $15.53, the Director now owns 53,625 shares.
Before that, CHUGG JULIANA L bought 40 shares. VF Corp. shares valued at $659 were divested by the Director at a price of $16.46 per share. As a result of the transaction, CHUGG JULIANA L now holds 6,718 shares, worth roughly $92439.68.
Goldman downgraded its VF Corp. [VFC] rating to a Neutral from a a Buy in a research note published on February 07, 2024; the price target was decreased to $14 from $19. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in mid November from “an Underweight” to “a Neutral”. Evercore ISI began covering VFC with “an In-line” recommendation on November 07, 2023. Piper Sandler revised its rating on September 18, 2023. It rated VFC as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of VFC
On Friday, VF Corp. [NYSE:VFC] saw its stock fall -0.51% to $13.76. Over the last five days, the stock has lost -10.30%. VF Corp. shares have fallen nearly -26.81% since the year began. Nevertheless, the stocks have fallen -38.32% over the past one year. While a 52-week high of $23.58 was reached on 01/02/24, a 52-week low of $12.85 was recorded on 04/05/24. SMA at 50 days reached $15.72, while 200 days put it at $17.42. A total of 4.36 million shares were traded, compared to the trading of 6.16 million shares in the previous session.
Levels Of Support And Resistance For VFC Stock
The 24-hour chart illustrates a support level at 13.66, which if violated will result in even more drops to 13.56. On the upside, there is a resistance level at 13.88. A further resistance level may holdings at 13.99. The Relative Strength Index (RSI) on the 14-day chart is 35.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.61, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.51%. Stochastics %K at 3.57% indicates the stock is a buying.
How much short interest is there in VF Corp.?
A steep rise in short interest was recorded in VF Corp. stocks on Mar 15, 2024, dropping by -4.39 million shares to a total of 30.07 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 34.46 million shares. There was a decline of -14.6%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 8.70% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.28.
