The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. PVH Corp shares valued at $430,500 were sold by FISCHER MARK D on Jan 11 ’24. At $123.00 per share, FISCHER MARK D sold 3,500 shares. The insider’s holdings dropped to 27,903 shares worth approximately $3.06 million following the completion of this transaction.
Also, FULLER JULIE sold 3,650 shares, netting a total of over 440,884 in proceeds. Following the sale of shares at $120.79 each, the insider now holds 16,191 shares.
Before that, HAGMAN MARTIJN had sold 18,900 shares from its account. In a trade valued at $2,186,541, the CEO TH Global/PVH Europe traded PVH Corp shares for $115.69 each. Upon closing the transaction, the insider’s holdings decreased to 18,900 shares, worth approximately $5.43 million.
As published in a research note from JP Morgan on April 08, 2024, PVH Corp [PVH] has been retained to an Overweight and the price target has been revised to $157. Analysts at Telsey Advisory Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in early April. As of March 26, 2024, Telsey Advisory Group has reiterated its “an Outperform” rating for PVH. Earlier on February 16, 2024, TD Cowen upgraded its rating. Their new recommendation was “an Outperform” for PVH stock which previously was a “a Market perform”.
Analyzing PVH Stock Performance
During the last five days, there has been a surge of approximately 4.04%. Over the course of the year, PVH Corp shares have dropped approximately -10.13%. Shares of the company reached a 52-week high of $141.15 on 04/01/24 and a 52-week low of $104.72 on 04/03/24. A 50-day SMA is recorded $128.50, while a 200-day SMA reached $99.87. Nevertheless, trading volume fell to 1.59 million shares from 1.05 million shares the previous day.
Support And Resistance Levels for PVH Corp (PVH)
According to the 24-hour chart, there is a support level at 107.94, which, if violated, would cause prices to drop to 106.13. In the upper region, resistance lies at 111.29. The next price resistance is at 112.83. RSI (Relative Strength Index) is 31.69 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -13.18, which suggests the price will decrease in the coming days. Percent R is at 86.19%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is PVH Corp subject to short interest?
Stocks of PVH Corp saw a sharp steep in short interest on Mar 28, 2024 dropping by -0.55 million shares to 1.74 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 2.29 million shares. A decline of -31.61% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.11 of the overall float, the days-to-cover ratio (short ratio) decline to 2.11.
