Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Levi Strauss & Co. shares valued at $11,052 were purchased by McCormick Christopher J on May 06 ’24. At $22.11 per share, McCormick Christopher J acquired 500 shares. The insider’s holdings grew to 500 shares worth approximately $10990.0 following the completion of this transaction.
Also, Friedman David A sold 4,166 shares, netting a total of over 91,652 in proceeds. Following the sale of shares at $22.00 each, the insider now holds 183,342 shares.
Before that, Friedman David A had sold 12,500 shares from its account. In a trade valued at $265,375, the Director traded Levi Strauss & Co. shares for $21.23 each. Upon closing the transaction, the insider’s holdings decreased to 12,500 shares, worth approximately $4.12 million.
As published in a research note from Telsey Advisory Group on April 04, 2024, Levi Strauss & Co. [LEVI] has been retained to an Outperform and the price target has been revised to $24. Analysts at Telsey Advisory Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in late March. As of January 26, 2024, Telsey Advisory Group has reiterated its “an Outperform” rating for LEVI. Earlier on January 16, 2024, Wells Fargo downgraded its rating. Their new recommendation was “an Equal weight” for LEVI stock which previously was a “an Overweight”.
Analyzing LEVI Stock Performance
During the last five days, there has been a surge of approximately 3.88%. Over the course of the year, Levi Strauss & Co. shares have jumped approximately 32.89%. Shares of the company reached a 52-week high of $22.40 on 05/07/24 and a 52-week low of $14.87 on 01/16/24. A 50-day SMA is recorded $19.82, while a 200-day SMA reached $16.25. Nevertheless, trading volume fell to 1.57 million shares from 2.06 million shares the previous day.
Support And Resistance Levels for Levi Strauss & Co. (LEVI)
According to the 24-hour chart, there is a support level at 21.83, which, if violated, would cause prices to drop to 21.68. In the upper region, resistance lies at 22.11. The next price resistance is at 22.25. RSI (Relative Strength Index) is 61.53 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.55, which suggests the price will decrease in the coming days. Percent R is at 21.01%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
