Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Oxford Industries, Inc. shares valued at $3,524,946 were sold by Wood Douglas B on Apr 05 ’24. At $104.95 per share, Wood Douglas B sold 33,587 shares. The insider’s holdings dropped to 12,394 shares worth approximately $1.26 million following the completion of this transaction.
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Also, LOVE DENNIS M sold 648 shares, netting a total of over 64,159 in proceeds. Following the sale of shares at $99.01 each, the insider now holds 14,346 shares.
Before that, GRASSMYER SCOTT had sold 1,500 shares from its account. In a trade valued at $143,685, the EVP traded Oxford Industries, Inc. shares for $95.79 each. Upon closing the transaction, the insider’s holdings decreased to 1,500 shares, worth approximately $3.27 million.
As published in a research note from Telsey Advisory Group on April 01, 2024, Oxford Industries, Inc. [OXM] has been retained to a Market perform and the price target has been revised to $110. Analysts at Citigroup downgraded the stock from ‘”a Neutral”‘ to ‘”a Sell”‘ outlook in a report released in early April. As of December 07, 2023, Telsey Advisory Group has reiterated its “Market perform” rating for OXM. Earlier on November 21, 2023, BTIG Research initiated its rating. Their recommendation was “a Neutral” for OXM stock.
Analyzing OXM Stock Performance
During the last five days, there has been a drop of approximately -1.68%. Over the course of the year, Oxford Industries, Inc. shares have jumped approximately 1.85%. Shares of the company reached a 52-week high of $113.88 on 03/28/24 and a 52-week low of $93.33 on 02/05/24. A 50-day SMA is recorded $106.36, while a 200-day SMA reached $99.28. Nevertheless, trading volume fell to 0.95 million shares from 0.71 million shares the previous day.
Support And Resistance Levels for Oxford Industries, Inc. (OXM)
According to the 24-hour chart, there is a support level at 96.96, which, if violated, would cause prices to drop to 92.06. In the upper region, resistance lies at 104.63. The next price resistance is at 107.40. RSI (Relative Strength Index) is 39.93 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.65, which suggests the price will decrease in the coming days. Percent R is at 57.77%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
