Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. American Eagle Outfitters Inc. shares valued at $46,927 were sold by MCMILLAN CARY D on Apr 05 ’24. At $24.59 per share, MCMILLAN CARY D sold 1,908 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, Foyle Jennifer M. sold 16,971 shares, netting a total of over 433,253 in proceeds. Following the sale of shares at $25.53 each, the insider now holds 226,497 shares.
Before that, Keefer James H JR had sold 7,000 shares from its account. In a trade valued at $180,747, the SVP, Controller & CAO traded American Eagle Outfitters Inc. shares for $25.82 each. Upon closing the transaction, the insider’s holdings decreased to 7,000 shares, worth approximately $0.41 million.
As published in a research note from JP Morgan on April 09, 2024, American Eagle Outfitters Inc. [AEO] has been rated up from a Neutral to an Overweight and the price target has been revised to $31. Analysts at Telsey Advisory Group resumed the stock at ‘”a Market perform”‘ outlook in a report released in early March. As of January 09, 2024, Telsey Advisory Group has reiterated its “Market perform” rating for AEO. Earlier on November 15, 2023, BofA Securities upgraded its rating. Their new recommendation was “a Neutral” for AEO stock which previously was a “an Underperform”.
Analyzing AEO Stock Performance
During the last five days, there has been a drop of approximately -3.16%. Over the course of the year, American Eagle Outfitters Inc. shares have jumped approximately 11.53%. Shares of the company reached a 52-week high of $26.44 on 03/07/24 and a 52-week low of $19.72 on 01/19/24. A 50-day SMA is recorded $23.30, while a 200-day SMA reached $18.65. Nevertheless, trading volume fell to 4.46 million shares from 6.72 million shares the previous day.
Support And Resistance Levels for American Eagle Outfitters Inc. (AEO)
According to the 24-hour chart, there is a support level at 23.28, which, if violated, would cause prices to drop to 22.96. In the upper region, resistance lies at 23.80. The next price resistance is at 24.00. RSI (Relative Strength Index) is 45.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.97, which suggests the price will decrease in the coming days. Percent R is at 85.62%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is American Eagle Outfitters Inc. subject to short interest?
Stocks of American Eagle Outfitters Inc. saw a sharp rise in short interest on Mar 28, 2024 jumping by 8.55 million shares to 22.99 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 14.44 million shares. A jump of 37.19% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.03 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.03.
