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Levi Strauss & Co. (LEVI) may enjoy gains as insiders got busy in the recent days

Levi Strauss & Co.’s filing revealed that its Director Friedman David A unloaded Company’s shares for reported $80695.0 on Jul 01 ’24. In the deal valued at $19.37 per share,4,166 shares were sold. As a result of this transaction, Friedman David A now holds 162,510 shares worth roughly $3.11 million.

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Then, Friedman David A sold 16,666 shares, generating $398,984 in total proceeds. Upon selling the shares at $23.94, the Director now owns 166,676 shares.

Before that, Haas Bradley J. sold 100,000 shares. Levi Strauss & Co. shares valued at $2,404,560 were divested by the 10% Owner at a price of $24.05 per share. As a result of the transaction, Haas Bradley J. now holds 0 shares, worth roughly $0.0.

Telsey Advisory Group reiterated its Levi Strauss & Co. [LEVI] rating to an Outperform in a research note published on June 21, 2024; the price target was $26. A number of analysts have revised their coverage, including OTR Global’s analysts, who began to cover the stock in mid June with a ‘”a Positive”‘ rating. Telsey Advisory Group also remained covering LEVI and reiterated its “an Outperform” recommendation on April 04, 2024. Telsey Advisory Group maintained its rating on March 27, 2024. It rated LEVI as “an Outperform”.

Price Performance Review of LEVI

On Friday, Levi Strauss & Co. [NYSE:LEVI] saw its stock jump 0.47% to $19.13. Over the last five days, the stock has lost -2.20%. Levi Strauss & Co. shares have risen nearly 15.66% since the year began. Nevertheless, the stocks have risen 35.48% over the past one year. While a 52-week high of $24.34 was reached on 06/06/24, a 52-week low of $12.41 was recorded on 01/16/24. SMA at 50 days reached $22.24, while 200 days put it at $17.85. A total of 2.26 million shares were traded, compared to the trading of 1.8 million shares in the previous session.

Levels Of Support And Resistance For LEVI Stock

The 24-hour chart illustrates a support level at 18.86, which if violated will result in even more drops to 18.59. On the upside, there is a resistance level at 19.32. A further resistance level may holdings at 19.51. The Relative Strength Index (RSI) on the 14-day chart is 25.26, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.18%. Stochastics%K at 4.52% indicates the stock is a buying.

The most recent change occurred on January 26, 2024 when Telsey Advisory Group resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $18.

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