Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. PVH Corp shares valued at $325,178 were sold by HOLMES JAMES on Apr 11 ’24. At $108.39 per share, HOLMES JAMES sold 3,000 shares. The insider’s holdings dropped to 13,904 shares worth approximately $1.53 million following the completion of this transaction.
Also, FISCHER MARK D sold 3,500 shares, netting a total of over 430,500 in proceeds. Following the sale of shares at $123.00 each, the insider now holds 27,903 shares.
Before that, FULLER JULIE had sold 3,650 shares from its account. In a trade valued at $440,884, the Chief People Officer traded PVH Corp shares for $120.79 each. Upon closing the transaction, the insider’s holdings decreased to 3,650 shares, worth approximately $1.78 million.
As published in their initiating research note from Jefferies on April 30, 2024, PVH Corp [PVH] has been a Hold and the price target has been revised to $115. Analysts at Wedbush upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in mid April. As of April 08, 2024, JP Morgan has reiterated its “an Overweight” rating for PVH. Earlier on April 03, 2024, Telsey Advisory Group resumed its rating. Their recommendation was “an Outperform” for PVH stock.
Analyzing PVH Stock Performance
During the last five days, there has been a drop of approximately -2.81%. Over the course of the year, PVH Corp shares have dropped approximately -10.17%. Shares of the company reached a 52-week high of $141.15 on 04/01/24 and a 52-week low of $104.72 on 04/03/24. A 50-day SMA is recorded $123.62, while a 200-day SMA reached $101.60. Nevertheless, trading volume fell to 0.8 million shares from 0.85 million shares the previous day.
Support And Resistance Levels for PVH Corp (PVH)
According to the 24-hour chart, there is a support level at 107.67, which, if violated, would cause prices to drop to 105.65. In the upper region, resistance lies at 111.62. The next price resistance is at 113.55. RSI (Relative Strength Index) is 41.70 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.42, which suggests the price will increase in the coming days. Percent R is at 54.25%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
