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VF Corp. [VFC] Investment Appeal on the Rise

In a filing, VF Corp. revealed its Director Carucci Richard acquired Company’s shares for reported $0.34 million on Jun 13 ’24. In the deal valued at $13.78 per share,25,000 shares were bought. As a result of this transaction, Carucci Richard now holds 215,130 shares worth roughly $2.89 million.

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Then, Darrell Bracken bought 75,200 shares, generating $997,408 in total proceeds. Upon buying the shares at $13.26, the President & Chief Exec Officer now owns 219,972 shares.

Before that, Carucci Richard bought 20,000 shares. VF Corp. shares valued at $310,620 were divested by the Director at a price of $15.53 per share. As a result of the transaction, Carucci Richard now holds 182,810 shares, worth roughly $2.46 million.

Telsey Advisory Group downgraded its VF Corp. [VFC] rating to a Market perform from a an Outperform 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 mid May has reiterated a ‘”an Outperform”‘ rating for it. Exane BNP Paribas also remained covering VFC and has decreased its forecast on April 12, 2024 with a “Neutral” recommendation from previously “an Outperform” rating. Goldman revised its rating on February 07, 2024. It rated VFC as “a Neutral” which previously was an “a Buy”.

Price Performance Review of VFC

On Monday, VF Corp. [NYSE:VFC] saw its stock jump 3.86% to $13.45. Over the last five days, the stock has lost -0.37%. VF Corp. shares have fallen nearly -28.46% since the year began. Nevertheless, the stocks have fallen -27.61% over the past one year. While a 52-week high of $21.17 was reached on 01/02/24, a 52-week low of $11.00 was recorded on 05/23/24. SMA at 50 days reached $13.06, while 200 days put it at $15.46. A total of 5.54 million shares were traded, compared to the trading of 5.76 million shares in the previous session.

Levels Of Support And Resistance For VFC Stock

The 24-hour chart illustrates a support level at 13.18, which if violated will result in even more drops to 12.91. On the upside, there is a resistance level at 13.60. A further resistance level may holdings at 13.76. The Relative Strength Index (RSI) on the 14-day chart is 50.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.29%. Stochastics%K at 17.66% indicates the stock is a buying.

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