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Insider Sale Alert: Oxford Industries, Inc. [OXM] – Is it Time to sell?

Oxford Industries, Inc.’s recent filing unveils that its EVP GRASSMYER SCOTT unloaded Company’s shares for reported $0.25 million on Jun 14 ’24. In the deal valued at $100.20 per share,2,500 shares were sold. As a result of this transaction, GRASSMYER SCOTT now holds 33,279 shares worth roughly $2.89 million.

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Then, Campbell Thomas E sold 17,540 shares, generating $1,752,340 in total proceeds. Upon selling the shares at $99.91, the EVP now owns 24,865 shares.

Before that, Wood Douglas B sold 33,587 shares. Oxford Industries, Inc. shares valued at $3,524,946 were divested by the CEO TOMMY BAHAMA at a price of $104.95 per share. As a result of the transaction, Wood Douglas B now holds 12,394 shares, worth roughly $1.08 million.

Telsey Advisory Group reiterated its Oxford Industries, Inc. [OXM] rating to a Market perform in a research note published on April 01, 2024; the price target was $110. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in early April from “a Neutral” to “a Sell”. Telsey Advisory Group also remained covering OXM and reiterated its “Market perform” recommendation on December 07, 2023. BTIG Research started covering the stock on November 21, 2023. It rated OXM as “a Neutral”.

Price Performance Review of OXM

On Friday, Oxford Industries, Inc. [NYSE:OXM] saw its stock jump 1.33% to $86.98. Over the last five days, the stock has lost -0.90%. Oxford Industries, Inc. shares have fallen nearly -13.02% since the year began. Nevertheless, the stocks have fallen -14.17% over the past one year. While a 52-week high of $113.88 was reached on 03/28/24, a 52-week low of $82.33 was recorded on 08/29/24. SMA at 50 days reached $95.76, while 200 days put it at $100.21.

Levels Of Support And Resistance For OXM Stock

The 24-hour chart illustrates a support level at 85.49, which if violated will result in even more drops to 84.00. On the upside, there is a resistance level at 87.75. A further resistance level may holdings at 88.52. The Relative Strength Index (RSI) on the 14-day chart is 40.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.27%. Stochastics %K at 26.70% indicates the stock is a holding.

How much short interest is there in Oxford Industries, Inc.?

A steep rise in short interest was recorded in Oxford Industries, Inc. stocks on 2024-08-15, dropping by -0.16 million shares to a total of 2.18 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 2.33 million shares. There was a decline of -7.29%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on November 06, 2023 when B. Riley Securities began covering the stock and recommended ‘”a Neutral”‘ rating along with a $90 price target.

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