Abercrombie & Fitch Co.’s filing revealed that its Chief Executive Officer Horowitz Fran unloaded Company’s shares for reported $44.24 million on Apr 18 ’24. In the deal valued at $110.61 per share,400,000 shares were sold. As a result of this transaction, Horowitz Fran now holds 525,520 shares worth roughly $64.16 million.
Then, Scott Kristin A. sold 120,000 shares, generating $15,138,427 in total proceeds. Upon selling the shares at $126.15, the President-Global Brands now owns 38,208 shares.
Before that, Lipesky Scott D. sold 35,000 shares. Abercrombie & Fitch Co. shares valued at $4,478,250 were divested by the EVP, COO and CFO at a price of $127.95 per share. As a result of the transaction, Lipesky Scott D. now holds 88,558 shares, worth roughly $10.81 million.
Telsey Advisory Group reiterated its Abercrombie & Fitch Co. [ANF] rating to an Outperform in a research note published on March 07, 2024; the price target was $152. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in late February has reiterated a ‘”an Outperform”‘ rating for it. Telsey Advisory Group also remained covering ANF and reiterated its “an Outperform” recommendation on January 09, 2024. Telsey Advisory Group maintained its rating on November 22, 2023. It rated ANF as “an Outperform”.
Price Performance Review of ANF
On Friday, Abercrombie & Fitch Co. [NYSE:ANF] saw its stock jump 5.74% to $122.08. Over the last five days, the stock has gained 10.62%. Abercrombie & Fitch Co. shares have risen nearly 38.38% since the year began. Nevertheless, the stocks have risen 430.78% over the past one year. While a 52-week high of $140.28 was reached on 03/05/24, a 52-week low of $21.74 was recorded on 01/02/24. SMA at 50 days reached $123.05, while 200 days put it at $81.75. A total of 1.11 million shares were traded, compared to the trading of 47489.0 shares in the previous session.
Levels Of Support And Resistance For ANF Stock
The 24-hour chart illustrates a support level at 117.54, which if violated will result in even more drops to 113.01. On the upside, there is a resistance level at 124.41. A further resistance level may holdings at 126.75. The Relative Strength Index (RSI) on the 14-day chart is 53.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.70, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.95%. Stochastics %K at 62.58% indicates the stock is a holding.
