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Recent Insider Activity Suggests Potential Gains for PVH Corp (PVH)

PVH Corp’s recent filing unveils that its EVP & Controller HOLMES JAMES unloaded Company’s shares for reported $0.33 million on Apr 11 ’24. In the deal valued at $108.39 per share,3,000 shares were sold. As a result of this transaction, HOLMES JAMES now holds 13,904 shares worth roughly $1.48 million.

Then, FISCHER MARK D sold 3,500 shares, generating $430,500 in total proceeds. Upon selling the shares at $123.00, the EVP, General Counsel & Sec. now owns 27,903 shares.

Before that, FULLER JULIE sold 3,650 shares. PVH Corp shares valued at $440,884 were divested by the Chief People Officer at a price of $120.79 per share. As a result of the transaction, FULLER JULIE now holds 16,191 shares, worth roughly $1.73 million.

Wedbush upgraded its PVH Corp [PVH] rating to an Outperform from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who remained covering the stock and in early April has reiterated a ‘”an Overweight”‘ rating for it. Telsey Advisory Group also remained covering PVH and reiterated its “an Outperform” recommendation on April 03, 2024. Telsey Advisory Group maintained its rating on March 26, 2024. It rated PVH as “an Outperform”.

Price Performance Review of PVH

On Friday, PVH Corp [NYSE:PVH] saw its stock jump 0.44% to $106.78. Over the last five days, the stock has gained 1.13%. PVH Corp shares have fallen nearly -12.56% since the year began. Nevertheless, the stocks have risen 23.33% over the past one year. While a 52-week high of $141.15 was reached on 04/01/24, a 52-week low of $69.27 was recorded on 04/03/24. SMA at 50 days reached $126.43, while 200 days put it at $100.66. A total of 0.92 million shares were traded, compared to the trading of 0.9 million shares in the previous session.

Levels Of Support And Resistance For PVH Stock

The 24-hour chart illustrates a support level at 105.65, which if violated will result in even more drops to 104.53. On the upside, there is a resistance level at 107.68. A further resistance level may holdings at 108.59. The Relative Strength Index (RSI) on the 14-day chart is 32.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.49%. Stochastics %K at 9.90% indicates the stock is a buying.

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