Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Levi Strauss & Co. shares valued at $309,081 were sold by Haas Bradley J. on Apr 04 ’24. At $22.05 per share, Haas Bradley J. sold 14,015 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, Haas Bradley J. sold 26,959 shares, netting a total of over 542,871 in proceeds. Following the sale of shares at $20.14 each, the insider now holds 0 shares.
Before that, Friedman David A had sold 10,422 shares from its account. In a trade valued at $208,470, the Director traded Levi Strauss & Co. shares for $20.00 each. Upon closing the transaction, the insider’s holdings decreased to 10,422 shares, worth approximately $3.4 million.
As published in a research note from Telsey Advisory Group on April 04, 2024, Levi Strauss & Co. [LEVI] has been retained to an Outperform and the price target has been revised to $24. Analysts at Telsey Advisory Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in late March. As of January 26, 2024, Telsey Advisory Group has reiterated its “an Outperform” rating for LEVI. Earlier on January 16, 2024, Wells Fargo downgraded its rating. Their new recommendation was “an Equal weight” for LEVI stock which previously was a “an Overweight”.
Analyzing LEVI Stock Performance
During the last five days, there has been a surge of approximately 7.66%. Over the course of the year, Levi Strauss & Co. shares have jumped approximately 21.46%. Shares of the company reached a 52-week high of $22.39 on 04/04/24 and a 52-week low of $14.87 on 01/16/24. A 50-day SMA is recorded $18.36, while a 200-day SMA reached $15.54. Nevertheless, trading volume fell to 2.64 million shares from 5.07 million shares the previous day.
Support And Resistance Levels for Levi Strauss & Co. (LEVI)
According to the 24-hour chart, there is a support level at 19.85, which, if violated, would cause prices to drop to 19.61. In the upper region, resistance lies at 20.39. The next price resistance is at 20.70. RSI (Relative Strength Index) is 58.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.75, which suggests the price will decrease in the coming days. Percent R is at 56.10%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Levi Strauss & Co. subject to short interest?
Stocks of Levi Strauss & Co. saw a sharp steep in short interest on Mar 15, 2024 dropping by -1.05 million shares to 10.67 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 11.72 million shares. A decline of -9.84% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 7.57 of the overall float, the days-to-cover ratio (short ratio) decline to 7.57.
