Abercrombie & Fitch Co.’s filing revealed that its Director Robinson Kenneth B. unloaded Company’s shares for reported $0.22 million on Jun 06 ’24. In the deal valued at $171.61 per share,1,300 shares were sold. As a result of this transaction, Robinson Kenneth B. now holds 5,880 shares worth roughly $0.79 million.
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Then, TRAVIS NIGEL sold 7,700 shares, generating $1,337,182 in total proceeds. Upon selling the shares at $173.66, the Director now owns 19,855 shares.
Before that, Lipesky Scott D. sold 9,000 shares. Abercrombie & Fitch Co. shares valued at $1,588,320 were divested by the EVP, COO and CFO at a price of $176.48 per share. As a result of the transaction, Lipesky Scott D. now holds 115,455 shares, worth roughly $15.53 million.
JP Morgan upgraded its Abercrombie & Fitch Co. [ANF] rating to an Overweight from a a Neutral in a research note published on July 22, 2024; the price target was increased to $194 from $167. A number of analysts have revised their coverage, including Argus’s analysts, who decreased its forecast for the stock in mid July from “a Buy” to “a Hold”. Telsey Advisory Group also remained covering ANF and reiterated its “an Outperform” recommendation on May 30, 2024. Telsey Advisory Group maintained its rating on March 07, 2024. It rated ANF as “an Outperform”.
Price Performance Review of ANF
On Monday, Abercrombie & Fitch Co. [NYSE:ANF] saw its stock jump 1.73% to $134.49. Over the last five days, the stock has lost -10.96%. Abercrombie & Fitch Co. shares have risen nearly 52.45% since the year began. Nevertheless, the stocks have risen 244.85% over the past one year. While a 52-week high of $196.99 was reached on 05/29/24, a 52-week low of $38.54 was recorded on 01/02/24. SMA at 50 days reached $168.50, while 200 days put it at $119.53. A total of 2.26 million shares were traded, compared to the trading of 1.83 million shares in the previous session.
Levels Of Support And Resistance For ANF Stock
The 24-hour chart illustrates a support level at 125.03, which if violated will result in even more drops to 115.58. On the upside, there is a resistance level at 140.32. A further resistance level may holdings at 146.16. The Relative Strength Index (RSI) on the 14-day chart is 28.40, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -13.88, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.36%. Stochastics%K at 12.03% indicates the stock is a buying.
The most recent change occurred on February 28, 2024 when Telsey Advisory Group resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $140.
