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American Eagle Outfitters Inc. (AEO) receives an Overweight rating from JP Morgan

American Eagle Outfitters Inc.’s filing revealed that its Director MCMILLAN CARY D unloaded Company’s shares for reported $46927.0 on Apr 05 ’24. In the deal valued at $24.59 per share,1,908 shares were sold. As a result of this transaction, MCMILLAN CARY D now holds 0 shares worth roughly $0.0.

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Then, Foyle Jennifer M. sold 16,971 shares, generating $433,253 in total proceeds. Upon selling the shares at $25.53, the Global Brand President-aerie now owns 226,497 shares.

Before that, Keefer James H JR sold 7,000 shares. American Eagle Outfitters Inc. shares valued at $180,747 were divested by the SVP, Controller & CAO at a price of $25.82 per share. As a result of the transaction, Keefer James H JR now holds 17,266 shares, worth roughly $0.33 million.

JP Morgan upgraded its American Eagle Outfitters Inc. [AEO] rating to an Overweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in early March has reiterated a ‘”a Market perform”‘ rating for it. Telsey Advisory Group also remained covering AEO and reiterated its “Market perform” recommendation on January 09, 2024. BofA Securities revised its rating on November 15, 2023. It rated AEO as “a Neutral” which previously was an “an Underperform”.

Price Performance Review of AEO

On Tuesday, American Eagle Outfitters Inc. [NYSE:AEO] saw its stock fall -0.21% to $19.36. Over the last five days, the stock has lost -6.47%. American Eagle Outfitters Inc. shares have fallen nearly -8.51% since the year began. Nevertheless, the stocks have risen 64.07% over the past one year. While a 52-week high of $26.44 was reached on 03/07/24, a 52-week low of $11.69 was recorded on 07/02/24. SMA at 50 days reached $22.44, while 200 days put it at $20.88. A total of 4.1 million shares were traded, compared to the trading of 3.69 million shares in the previous session.

Levels Of Support And Resistance For AEO Stock

The 24-hour chart illustrates a support level at 19.20, which if violated will result in even more drops to 19.03. On the upside, there is a resistance level at 19.59. A further resistance level may holdings at 19.81. The Relative Strength Index (RSI) on the 14-day chart is 29.87, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.77, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.89%. Stochastics%K at 9.26% indicates the stock is a buying.

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