Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Stitch Fix Inc shares valued at $6,666 were sold by O’Connor Casey on Apr 18 ’24. At $2.22 per share, O’Connor Casey sold 3,004 shares. The insider’s holdings dropped to 464,379 shares worth approximately $1.04 million following the completion of this transaction.
Also, Barkema Sarah sold 16,311 shares, netting a total of over 36,542 in proceeds. Following the sale of shares at $2.24 each, the insider now holds 138,535 shares.
Before that, O’Connor Casey had sold 4,692 shares from its account. In a trade valued at $15,183, the Chief Legal Officer traded Stitch Fix Inc shares for $3.24 each. Upon closing the transaction, the insider’s holdings decreased to 4,692 shares, worth approximately $1.09 million.
Analysts at Mizuho started covering the stock with ‘”an Underperform”‘ outlook in a report released in mid March. As of January 06, 2023, Wells Fargo has increased its “an Underweight” rating to a “an Equal weight” for SFIX. Earlier on December 20, 2022, JP Morgan downgraded its rating. Their new recommendation was “an Underweight” for SFIX stock which previously was a “a Neutral”.
Analyzing SFIX Stock Performance
During the last five days, there has been a surge of approximately 0.90%. Over the course of the year, Stitch Fix Inc shares have dropped approximately -36.97%. Shares of the company reached a 52-week high of $3.98 on 02/15/24 and a 52-week low of $2.06 on 04/22/24. A 50-day SMA is recorded $2.66, while a 200-day SMA reached $3.42. Nevertheless, trading volume fell to 0.99 million shares from 1.37 million shares the previous day.
Support And Resistance Levels for Stitch Fix Inc (SFIX)
According to the 24-hour chart, there is a support level at 2.18, which, if violated, would cause prices to drop to 2.11. In the upper region, resistance lies at 2.29. The next price resistance is at 2.33. RSI (Relative Strength Index) is 43.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.09, which suggests the price will decrease in the coming days. Percent R is at 64.15%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
