Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Abercrombie & Fitch Co. shares valued at $15,138,427 were sold by Scott Kristin A. on Mar 08 ’24. At $126.15 per share, Scott Kristin A. sold 120,000 shares. The insider’s holdings dropped to 38,208 shares worth approximately $4.34 million following the completion of this transaction.
Also, Lipesky Scott D. sold 35,000 shares, netting a total of over 4,478,250 in proceeds. Following the sale of shares at $127.95 each, the insider now holds 88,558 shares.
Before that, HENCHEL GREGORY J had sold 35,000 shares from its account. In a trade valued at $4,235,753, the SVP, Gen Cnsl & Secy traded Abercrombie & Fitch Co. shares for $121.02 each. Upon closing the transaction, the insider’s holdings decreased to 35,000 shares, worth approximately $2.99 million.
As published in a research note from Telsey Advisory Group on March 07, 2024, Abercrombie & Fitch Co. [ANF] has been retained to an Outperform and the price target has been revised to $152. Analysts at Telsey Advisory Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in late February. As of January 09, 2024, Telsey Advisory Group has reiterated its “an Outperform” rating for ANF. Earlier on November 22, 2023, Telsey Advisory Group resumed its rating. Their recommendation was “an Outperform” for ANF stock.
Analyzing ANF Stock Performance
During the last five days, there has been a drop of approximately -0.74%. Over the course of the year, Abercrombie & Fitch Co. shares have jumped approximately 28.63%. Shares of the company reached a 52-week high of $140.28 on 03/05/24 and a 52-week low of $86.91 on 01/02/24. A 50-day SMA is recorded $122.44, while a 200-day SMA reached $78.97. Nevertheless, trading volume fell to 1.1 million shares from 1.48 million shares the previous day.
Support And Resistance Levels for Abercrombie & Fitch Co. (ANF)
According to the 24-hour chart, there is a support level at 110.54, which, if violated, would cause prices to drop to 107.60. In the upper region, resistance lies at 117.28. The next price resistance is at 121.09. RSI (Relative Strength Index) is 40.89 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.18, which suggests the price will decrease in the coming days. Percent R is at 84.04%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
