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. Abercrombie & Fitch Co. shares valued at $44,244,000 were sold by Horowitz Fran on Apr 18 ’24. At $110.61 per share, Horowitz Fran sold 400,000 shares. The insider’s holdings dropped to 525,520 shares worth approximately $60.48 million following the completion of this transaction.
Also, Scott Kristin A. sold 120,000 shares, netting a total of over 15,138,427 in proceeds. Following the sale of shares at $126.15 each, the insider now holds 38,208 shares.
Before that, Lipesky Scott D. had sold 35,000 shares from its account. In a trade valued at $4,478,250, the EVP, COO and CFO traded Abercrombie & Fitch Co. shares for $127.95 each. Upon closing the transaction, the insider’s holdings decreased to 35,000 shares, worth approximately $10.19 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 surge of approximately 1.42%. Over the course of the year, Abercrombie & Fitch Co. shares have jumped approximately 30.46%. 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 $123.02, while a 200-day SMA reached $80.92. Nevertheless, trading volume fell to 0.95 million shares from 1.04 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 113.22, which, if violated, would cause prices to drop to 111.35. In the upper region, resistance lies at 118.74. The next price resistance is at 122.39. RSI (Relative Strength Index) is 45.88 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.51, which suggests the price will increase in the coming days. Percent R is at 58.08%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
