Childrens Place Inc’s recently made public that its Former Officer Markee Maegan acquired Company’s shares for reported $72396.0 on Aug 08 ’24. In the deal valued at $7.24 per share,10,000 shares were bought.
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Then, Mithaq Capital SPC bought 966,344 shares, generating $10,779,027 in total proceeds. Upon buying the shares at $11.15, the 10% Owner now owns 6,751,387 shares.
Before that, Mithaq Capital SPC bought 1,566,475 shares. Childrens Place Inc shares valued at $24,749,525 were divested by the 10% Owner at a price of $15.80 per share. As a result of the transaction, Mithaq Capital SPC now holds 4,663,743 shares, worth roughly $29.47 million.
Telsey Advisory Group reiterated its Childrens Place Inc [PLCE] rating to a Market perform in a research note published on May 07, 2024; the price target was $9. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who increased its forecast for the stock in late April from “a Sell” to “a Neutral”. B. Riley Securities also remained covering PLCE and has decreased its forecast on February 13, 2024 with a “Sell” recommendation from previously “Neutral” rating. Monness Crespi & Hardt revised its rating on February 09, 2024. It rated PLCE as “a Neutral” which previously was an “a Buy”.
Price Performance Review of PLCE
On Tuesday, Childrens Place Inc [NASDAQ:PLCE] saw its stock fall -9.33% to $6.32. Over the last five days, the stock has lost -10.48%. Childrens Place Inc shares have fallen nearly -72.78% since the year began. Nevertheless, the stocks have fallen -75.55% over the past one year. While a 52-week high of $38.03 was reached on 02/15/24, a 52-week low of $6.58 was recorded on 08/13/24. SMA at 50 days reached $8.35, while 200 days put it at $15.30.
Levels Of Support And Resistance For PLCE Stock
The 24-hour chart illustrates a support level at 5.83, which if violated will result in even more drops to 5.35. On the upside, there is a resistance level at 6.98. A further resistance level may holdings at 7.64. The Relative Strength Index (RSI) on the 14-day chart is 33.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.63, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.89%. Stochastics%K at 13.85% indicates the stock is a buying.
How much short interest is there in Childrens Place Inc?
A steep rise in short interest was recorded in Childrens Place Inc stocks on
