In a filing, Guess Inc. revealed its CEO and Director ALBERINI CARLOS unloaded Company’s shares for reported $4.22 million on Apr 08 ’24. In the deal valued at $30.53 per share,138,203 shares were sold. As a result of this transaction, ALBERINI CARLOS now holds 1,131,575 shares worth roughly $31.17 million.
Then, ALBERINI CARLOS sold 211,797 shares, generating $6,421,685 in total proceeds. Upon selling the shares at $30.32, the CEO and Director now owns 1,269,778 shares.
Before that, MARCIANO MAURICE sold 600,000 shares. Guess Inc. shares valued at $14,131,440 were divested by the 10% Owner at a price of $23.55 per share. As a result of the transaction, MARCIANO MAURICE now holds 1,200,000 shares, worth roughly $33.06 million.
Telsey Advisory Group reiterated its Guess Inc. [GES] rating to a Market perform in a research note published on March 21, 2024; the price target was $30. A number of analysts have revised their coverage, including Jefferies’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “a Hold”. B. Riley Securities began covering GES with “Buy” recommendation on September 12, 2023. UBS started covering the stock on June 16, 2023. It rated GES as “a Neutral”.
Price Performance Review of GES
On Monday, Guess Inc. [NYSE:GES] saw its stock fall -0.14% to $27.55. Over the last five days, the stock has lost -9.40%. Guess Inc. shares have risen nearly 19.47% since the year began. Nevertheless, the stocks have risen 41.72% over the past one year. While a 52-week high of $33.50 was reached on 04/01/24, a 52-week low of $17.21 was recorded on 01/04/24. SMA at 50 days reached $26.55, while 200 days put it at $23.05. A total of 2.03 million shares were traded, compared to the trading of 2.05 million shares in the previous session.
Levels Of Support And Resistance For GES Stock
The 24-hour chart illustrates a support level at 27.30, which if violated will result in even more drops to 27.05. On the upside, there is a resistance level at 27.85. A further resistance level may holdings at 28.14. The Relative Strength Index (RSI) on the 14-day chart is 44.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.42, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.35%. Stochastics %K at 4.56% indicates the stock is a buying.
