Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Levi Strauss & Co. shares valued at $80,695 were sold by Friedman David A on Jul 01 ’24. At $19.37 per share, Friedman David A sold 4,166 shares. The insider’s holdings dropped to 162,510 shares worth approximately $2.98 million following the completion of this transaction.
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Also, Friedman David A sold 16,666 shares, netting a total of over 398,984 in proceeds. Following the sale of shares at $23.94 each, the insider now holds 166,676 shares.
Before that, Haas Bradley J. had sold 100,000 shares from its account. In a trade valued at $2,404,560, the 10% Owner traded Levi Strauss & Co. shares for $24.05 each. Upon closing the transaction, the insider’s holdings decreased to 100,000 shares, worth approximately $0.0.
As published in a research note from Telsey Advisory Group on June 21, 2024, Levi Strauss & Co. [LEVI] has been retained to an Outperform and the price target has been revised to $26. Analysts at OTR Global started covering the stock with ‘”a Positive”‘ outlook in a report released in mid June. As of April 04, 2024, Telsey Advisory Group has reiterated its “an Outperform” rating for LEVI. Earlier on March 27, 2024, Telsey Advisory Group resumed its rating. Their recommendation was “an Outperform” for LEVI stock.
Analyzing LEVI Stock Performance
During the last five days, there has been a surge of approximately 4.74%. Over the course of the year, Levi Strauss & Co. shares have jumped approximately 10.82%. Shares of the company reached a 52-week high of $24.34 on 06/06/24 and a 52-week low of $14.87 on 01/16/24. A 50-day SMA is recorded $20.95, while a 200-day SMA reached $18.30. Nevertheless, trading volume fell to 1.22 million shares from 1.39 million shares the previous day.
Support And Resistance Levels for Levi Strauss & Co. (LEVI)
According to the 24-hour chart, there is a support level at 18.15, which, if violated, would cause prices to drop to 17.98. In the upper region, resistance lies at 18.58. The next price resistance is at 18.84. RSI (Relative Strength Index) is 39.54 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.01, which suggests the price will decrease in the coming days. Percent R is at 44.04%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
