Ralph Lauren Corp’s recently made public that its 10% Owner Lauren Family, L.L.C. unloaded Company’s shares for reported $531.45 million on Mar 04 ’24. In the deal valued at $177.15 per share,3,000,000 shares were sold. As a result of this transaction, Lauren Family, L.L.C. now holds 0 shares worth roughly $0.0.
Then, Alagoz Halide sold 2,115 shares, generating $374,821 in total proceeds. Upon selling the shares at $177.22, the Chief Product Officer now owns 27,872 shares.
Before that, Alagoz Halide sold 2,000 shares. Ralph Lauren Corp shares valued at $286,020 were divested by the Chief Product Officer at a price of $143.01 per share. As a result of the transaction, Alagoz Halide now holds 29,987 shares, worth roughly $4.99 million.
Telsey Advisory Group reiterated its Ralph Lauren Corp [RL] rating to an Outperform in a research note published on February 09, 2024; the price target was $195. A number of analysts have revised their coverage, including Goldman’s analysts, who increased its forecast for the stock in mid December from “a Sell” to “a Neutral”. Evercore ISI began covering RL with “an Outperform” recommendation on November 07, 2023. Raymond James started covering the stock on September 22, 2023. It rated RL as “an Outperform”.
Price Performance Review of RL
On Friday, Ralph Lauren Corp [NYSE:RL] saw its stock fall -0.27% to $166.48. Over the last five days, the stock has gained 5.06%. Ralph Lauren Corp shares have risen nearly 15.45% since the year began. Nevertheless, the stocks have risen 48.66% over the past one year. While a 52-week high of $192.03 was reached on 03/21/24, a 52-week low of $103.17 was recorded on 01/18/24. SMA at 50 days reached $176.82, while 200 days put it at $139.89. A total of 0.7 million shares were traded, compared to the trading of 13696.0 shares in the previous session.
Levels Of Support And Resistance For RL Stock
The 24-hour chart illustrates a support level at 165.09, which if violated will result in even more drops to 163.70. On the upside, there is a resistance level at 168.07. A further resistance level may holdings at 169.66. The Relative Strength Index (RSI) on the 14-day chart is 45.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.69, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 31.96%. Stochastics %K at 63.09% indicates the stock is a holding.
