American Eagle Outfitters Inc.’s recent filing unveils that its Director MCMILLAN CARY D unloaded Company’s shares for reported $46927.0 on Apr 05 ’24. In the deal valued at $24.59 per share,1,908 shares were sold. As a result of this transaction, MCMILLAN CARY D now holds 0 shares worth roughly $0.0.
Then, Foyle Jennifer M. sold 16,971 shares, generating $433,253 in total proceeds. Upon selling the shares at $25.53, the Global Brand President-aerie now owns 226,497 shares.
Before that, Keefer James H JR sold 7,000 shares. American Eagle Outfitters Inc. shares valued at $180,747 were divested by the SVP, Controller & CAO at a price of $25.82 per share. As a result of the transaction, Keefer James H JR now holds 17,266 shares, worth roughly $0.42 million.
Telsey Advisory Group reiterated its American Eagle Outfitters Inc. [AEO] rating to a Market perform in a research note published on March 08, 2024; the price target was $25. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in early January has reiterated a ‘”a Market perform”‘ rating for it. BofA Securities also remained covering AEO and has increased its forecast on November 15, 2023 with a “Neutral” recommendation from previously “an Underperform” rating. Barclays revised its rating on August 01, 2023. It rated AEO as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of AEO
On Monday, American Eagle Outfitters Inc. [NYSE:AEO] saw its stock fall -0.33% to $24.42. Over the last five days, the stock has lost -6.79%. American Eagle Outfitters Inc. shares have risen nearly 15.41% since the year began. Nevertheless, the stocks have risen 77.73% over the past one year. While a 52-week high of $26.44 was reached on 03/07/24, a 52-week low of $9.95 was recorded on 01/19/24. SMA at 50 days reached $23.10, while 200 days put it at $18.46. A total of 4.31 million shares were traded, compared to the trading of 4.18 million shares in the previous session.
Levels Of Support And Resistance For AEO Stock
The 24-hour chart illustrates a support level at 24.26, which if violated will result in even more drops to 24.09. On the upside, there is a resistance level at 24.71. A further resistance level may holdings at 24.99. The Relative Strength Index (RSI) on the 14-day chart is 51.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.80%. Stochastics %K at 45.50% indicates the stock is a holding.
How much short interest is there in American Eagle Outfitters Inc.?
A steep rise in short interest was recorded in American Eagle Outfitters Inc. stocks on Mar 15, 2024, growing by 5.13 million shares to a total of 20.08 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 14.95 million shares. There was a rise of 25.55%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 16.11% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.75.
