The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Levi Strauss & Co. shares valued at $1,896,545 were sold by Haas Bradley J. on Apr 23 ’24. At $22.06 per share, Haas Bradley J. sold 85,985 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, Haas Bradley J. sold 14,015 shares, netting a total of over 309,081 in proceeds. Following the sale of shares at $22.05 each, the insider now holds 0 shares.
Before that, Haas Bradley J. had sold 26,959 shares from its account. In a trade valued at $542,871, the 10% Owner traded Levi Strauss & Co. shares for $20.14 each. Upon closing the transaction, the insider’s holdings decreased to 26,959 shares, worth approximately $0.0.
As published in a research note from Telsey Advisory Group on April 04, 2024, Levi Strauss & Co. [LEVI] has been retained to an Outperform and the price target has been revised to $24. Analysts at Telsey Advisory Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in late March. As of January 26, 2024, Telsey Advisory Group has reiterated its “an Outperform” rating for LEVI. Earlier on January 16, 2024, Wells Fargo downgraded its rating. Their new recommendation was “an Equal weight” for LEVI stock which previously was a “an Overweight”.
Analyzing LEVI Stock Performance
During the last five days, there has been a surge of approximately 4.40%. Over the course of the year, Levi Strauss & Co. shares have jumped approximately 30.41%. Shares of the company reached a 52-week high of $22.39 on 04/04/24 and a 52-week low of $14.87 on 01/16/24. A 50-day SMA is recorded $19.08, while a 200-day SMA reached $15.86. Nevertheless, trading volume fell to 2.92 million shares from 2.6 million shares the previous day.
Support And Resistance Levels for Levi Strauss & Co. (LEVI)
According to the 24-hour chart, there is a support level at 21.27, which, if violated, would cause prices to drop to 20.98. In the upper region, resistance lies at 22.11. The next price resistance is at 22.65. RSI (Relative Strength Index) is 64.00 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.10, which suggests the price will increase in the coming days. Percent R is at 23.90%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
