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Buying Buzz: VF Corp. [VFC] Director Carucci Richard purchases 25,000 shares of the company

CHWY Stock

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. VF Corp. shares valued at $344,495 were purchased by Carucci Richard on Jun 13 ’24. At $13.78 per share, Carucci Richard acquired 25,000 shares. The insider’s holdings grew to 215,130 shares worth approximately $2.79 million following the completion of this transaction.

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Also, Darrell Bracken purchased 75,200 shares, netting a total of over 997,408 in proceeds. Following the buying of shares at $13.26 each, the insider now holds 219,972 shares.

Before that, Carucci Richard had added 20,000 shares to its account. In a trade valued at $310,620, the Director bought VF Corp. shares for $15.53 each. Upon closing the transaction, the insider’s holdings increased to 20,000 shares, worth approximately $2.37 million.

As published in a research note from Telsey Advisory Group on May 23, 2024, VF Corp. [VFC] has been rated down from an Outperform to a Market perform and the price target has been revised to $13. Analysts at Telsey Advisory Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in mid May. As of April 12, 2024, Exane BNP Paribas has decreased its “an Outperform” rating to a “Neutral” for VFC. Earlier on February 07, 2024, Goldman downgraded its rating. Their new recommendation was “a Neutral” for VFC stock which previously was a “a Buy”.

Analyzing VFC Stock Performance

During the last five days, there has been a drop of approximately -7.68%. Over the course of the year, VF Corp. shares have dropped approximately -30.90%. Shares of the company reached a 52-week high of $19.07 on 01/02/24 and a 52-week low of $11.00 on 05/23/24. A 50-day SMA is recorded $13.06, while a 200-day SMA reached $15.51. Nevertheless, trading volume fell to 3.0 million shares from 7.04 million shares the previous day.

Support And Resistance Levels for VF Corp. (VFC)

According to the 24-hour chart, there is a support level at 12.81, which, if violated, would cause prices to drop to 12.63. In the upper region, resistance lies at 13.21. The next price resistance is at 13.43. RSI (Relative Strength Index) is 44.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.82, which suggests the price will decrease in the coming days. Percent R is at 88.25%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

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