Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Abercrombie & Fitch Co. shares valued at $15,138,427 were sold by Scott Kristin A. on Mar 08 ’24. At $126.15 per share, Scott Kristin A. sold 120,000 shares. The insider’s holdings dropped to 38,208 shares worth approximately $4.37 million following the completion of this transaction.
Also, Lipesky Scott D. sold 35,000 shares, netting a total of over 4,478,250 in proceeds. Following the sale of shares at $127.95 each, the insider now holds 88,558 shares.
Before that, HENCHEL GREGORY J had sold 35,000 shares from its account. In a trade valued at $4,235,753, the SVP, Gen Cnsl & Secy traded Abercrombie & Fitch Co. shares for $121.02 each. Upon closing the transaction, the insider’s holdings decreased to 35,000 shares, worth approximately $3.01 million.
As published in a research note from Telsey Advisory Group on March 07, 2024, Abercrombie & Fitch Co. [ANF] has been retained to an Outperform and the price target has been revised to $152. Analysts at Telsey Advisory Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in late February. As of January 09, 2024, Telsey Advisory Group has reiterated its “an Outperform” rating for ANF. Earlier on November 22, 2023, Telsey Advisory Group resumed its rating. Their recommendation was “an Outperform” for ANF stock.
Analyzing ANF Stock Performance
During the last five days, there has been a drop of approximately -12.54%. Over the course of the year, Abercrombie & Fitch Co. shares have jumped approximately 29.60%. Shares of the company reached a 52-week high of $140.28 on 03/05/24 and a 52-week low of $86.91 on 01/02/24. A 50-day SMA is recorded $121.64, while a 200-day SMA reached $77.05. Nevertheless, trading volume fell to 1.65 million shares from 1.78 million shares the previous day.
Support And Resistance Levels for Abercrombie & Fitch Co. (ANF)
According to the 24-hour chart, there is a support level at 112.58, which, if violated, would cause prices to drop to 110.84. In the upper region, resistance lies at 117.11. The next price resistance is at 119.90. RSI (Relative Strength Index) is 38.85 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -8.36, which suggests the price will decrease in the coming days. Percent R is at 97.21%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Abercrombie & Fitch Co. subject to short interest?
Stocks of Abercrombie & Fitch Co. saw a sharp steep in short interest on Mar 28, 2024 dropping by -1.32 million shares to 4.39 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 5.71 million shares. A decline of -30.07% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.97 of the overall float, the days-to-cover ratio (short ratio) decline to 1.97.
