Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Shoe Carnival, Inc. shares valued at $80,079 were sold by Guthrie Andrea R. on Apr 16 ’24. At $32.46 per share, Guthrie Andrea R. sold 2,467 shares. The insider’s holdings dropped to 20,106 shares worth approximately $0.75 million following the completion of this transaction.
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Also, Scibetta Carl N. sold 9,585 shares, netting a total of over 339,788 in proceeds. Following the sale of shares at $35.45 each, the insider now holds 108,492 shares.
Before that, Scibetta Carl N. had sold 5,415 shares from its account. In a trade valued at $191,962, the SEVP – CHIEF MERCHANDISE OFF. traded Shoe Carnival, Inc. shares for $35.45 each. Upon closing the transaction, the insider’s holdings decreased to 5,415 shares, worth approximately $4.43 million.
As published in a research note from Monness Crespi & Hardt on March 19, 2024, Shoe Carnival, Inc. [SCVL] has been rated down from a Buy to a Neutral. Analysts at Monness Crespi & Hardt resumed the stock at ‘”a Buy”‘ outlook in a report released in mid February. As of November 17, 2023, Monness Crespi & Hardt has reiterated its “Buy” rating for SCVL. Earlier on January 18, 2022, Seaport Research Partners initiated its rating. Their recommendation was “a Buy” for SCVL stock.
Analyzing SCVL Stock Performance
During the last five days, there has been a drop of approximately -12.90%. Over the course of the year, Shoe Carnival, Inc. shares have jumped approximately 24.30%. Shares of the company reached a 52-week high of $44.48 on 08/16/24 and a 52-week low of $24.94 on 01/19/24. A 50-day SMA is recorded $39.85, while a 200-day SMA reached $33.45. Nevertheless, trading volume fell to 0.38 million shares from 0.39 million shares the previous day.
Support And Resistance Levels for Shoe Carnival, Inc. (SCVL)
According to the 24-hour chart, there is a support level at 37.03, which, if violated, would cause prices to drop to 36.51. In the upper region, resistance lies at 38.19. The next price resistance is at 38.83. RSI (Relative Strength Index) is 37.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.29, which suggests the price will decrease in the coming days. Percent R is at 94.54%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
