Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. VF Corp. shares valued at $310,620 were purchased by Carucci Richard on Feb 26 ’24. At $15.53 per share, Carucci Richard acquired 20,000 shares. The insider’s holdings grew to 182,810 shares worth approximately $2.47 million following the completion of this transaction.
Also, Dorer Benno O sold 4 shares, netting a total of over 62 in proceeds. Following the sale of shares at $15.53 each, the insider now holds 53,625 shares.
Before that, CHUGG JULIANA L had added 40 shares to its account. In a trade valued at $659, the Director bought VF Corp. shares for $16.46 each. Upon closing the transaction, the insider’s holdings increased to 40 shares, worth approximately $90693.0.
As published in a research note from Goldman on February 07, 2024, VF Corp. [VFC] has been rated down from a Buy to a Neutral and the price target has been revised to $14 from $19. Analysts at JP Morgan upgraded the stock from ‘”an Underweight”‘ to ‘”a Neutral”‘ outlook in a report released in mid November. As of November 07, 2023, Evercore ISI has initiated its “an In-line” rating for VFC. Earlier on September 18, 2023, Piper Sandler downgraded its rating. Their new recommendation was “a Neutral” for VFC stock which previously was a “an Overweight”.
Analyzing VFC Stock Performance
During the last five days, there has been a drop of approximately -2.95%. Over the course of the year, VF Corp. shares have dropped approximately -28.19%. Shares of the company reached a 52-week high of $19.07 on 01/02/24 and a 52-week low of $13.02 on 04/10/24. A 50-day SMA is recorded $15.50, while a 200-day SMA reached $17.34. Nevertheless, trading volume fell to 10.97 million shares from 7.77 million shares the previous day.
Support And Resistance Levels for VF Corp. (VFC)
According to the 24-hour chart, there is a support level at 13.18, which, if violated, would cause prices to drop to 12.85. In the upper region, resistance lies at 13.67. The next price resistance is at 13.84. RSI (Relative Strength Index) is 36.27 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.62, which suggests the price will decrease in the coming days. Percent R is at 80.49%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is VF Corp. subject to short interest?
Stocks of VF Corp. saw a sharp rise in short interest on Mar 28, 2024 jumping by 2.05 million shares to 34.05 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 32.0 million shares. A jump of 6.02% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.77 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.77.
