Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Abercrombie & Fitch Co. shares valued at $248,319 were purchased by Robinson Kenneth B. on Sep 05 ’24. At $137.96 per share, Robinson Kenneth B. acquired 1,800 shares.
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Also, McCluskey Helen purchased 3,500 shares, netting a total of over 487,830 in proceeds.
Before that, Lipesky Scott D. had sold 9,000 shares from its account. In a trade valued at $1,321,200, the EVP, COO and CFO traded Abercrombie & Fitch Co. shares for $146.80 each. Upon closing the transaction, the insider’s holdings decreased to 9,000 shares, worth approximately $14.67 million.
As published in a research note from Citigroup on August 30, 2024, Abercrombie & Fitch Co. [ANF] has been rated up from a Neutral to a Buy and the price target has been revised to $190. Analysts at Telsey Advisory Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in late August. As of July 22, 2024, JP Morgan has increased its “Neutral” rating to a “an Overweight” for ANF. Earlier on July 11, 2024, Argus downgraded its rating. Their new recommendation was “a Hold” for ANF stock which previously was a “a Buy”.
Analyzing ANF Stock Performance
During the last five days, there has been a drop of approximately -0.35%. Over the course of the year, Abercrombie & Fitch Co. shares have jumped approximately 56.23%. Shares of the company reached a 52-week high of $196.99 on 05/29/24 and a 52-week low of $86.91 on 01/02/24. A 50-day SMA is recorded $158.54, while a 200-day SMA reached $129.32. Nevertheless, trading volume fell to 1.51 million shares from 1.58 million shares the previous day.
Support And Resistance Levels for Abercrombie & Fitch Co. (ANF)
According to the 24-hour chart, there is a support level at 135.37, which, if violated, would cause prices to drop to 132.91. In the upper region, resistance lies at 140.82. The next price resistance is at 143.81. RSI (Relative Strength Index) is 38.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -15.87, which suggests the price will decrease in the coming days. Percent R is at 91.23%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
