Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Guess Inc. shares valued at $4,219,338 were sold by ALBERINI CARLOS on Apr 08 ’24. At $30.53 per share, ALBERINI CARLOS sold 138,203 shares. The insider’s holdings dropped to 1,131,575 shares worth approximately $28.92 million following the completion of this transaction.
Also, ALBERINI CARLOS sold 211,797 shares, netting a total of over 6,421,685 in proceeds. Following the sale of shares at $30.32 each, the insider now holds 1,269,778 shares.
Before that, MARCIANO MAURICE had sold 600,000 shares from its account. In a trade valued at $14,131,440, the 10% Owner traded Guess Inc. shares for $23.55 each. Upon closing the transaction, the insider’s holdings decreased to 600,000 shares, worth approximately $30.67 million.
As published in a research note from Telsey Advisory Group on March 21, 2024, Guess Inc. [GES] has been retained to a Market perform and the price target has been revised to $30. Analysts at Jefferies downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early January. As of September 12, 2023, B. Riley Securities has initiated its “Buy” rating for GES. Earlier on June 16, 2023, UBS initiated its rating. Their recommendation was “a Neutral” for GES stock.
Analyzing GES Stock Performance
During the last five days, there has been a drop of approximately -0.91%. Over the course of the year, Guess Inc. shares have jumped approximately 20.70%. Shares of the company reached a 52-week high of $33.50 on 04/01/24 and a 52-week low of $21.99 on 01/04/24. A 50-day SMA is recorded $26.72, while a 200-day SMA reached $23.14. Nevertheless, trading volume fell to 0.94 million shares from 1.74 million shares the previous day.
Support And Resistance Levels for Guess Inc. (GES)
According to the 24-hour chart, there is a support level at 25.30, which, if violated, would cause prices to drop to 25.03. In the upper region, resistance lies at 25.86. The next price resistance is at 26.16. RSI (Relative Strength Index) is 46.78 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.52, which suggests the price will decrease in the coming days. Percent R is at 87.73%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
