Childrens Place Inc’s recently made public that its Former Officer Markee Maegan acquired Company’s shares for reported $36001.0 on Sep 11 ’24. In the deal valued at $9.00 per share,4,000 shares were bought.
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Then, Markee Maegan bought 8,000 shares, generating $52,739 in total proceeds.
Before that, Markee Maegan bought 10,000 shares. Childrens Place Inc shares valued at $72,396 were divested by the Former Officer at a price of $7.24 per share.
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 jump 42.51% to $17.40. Over the last five days, the stock has gained 255.10%. Childrens Place Inc shares have fallen nearly -25.06% since the year began. Nevertheless, the stocks have fallen -28.83% over the past one year. While a 52-week high of $38.03 was reached on 02/15/24, a 52-week low of $4.77 was recorded on 09/10/24. SMA at 50 days reached $7.59, while 200 days put it at $13.27.
Levels Of Support And Resistance For PLCE Stock
The 24-hour chart illustrates a support level at 13.87, which if violated will result in even more drops to 10.35. On the upside, there is a resistance level at 19.21. A further resistance level may holdings at 21.03. The Relative Strength Index (RSI) on the 14-day chart is 78.55, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.64, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.79%. Stochastics %K at 86.82% indicates the stock is a selling.
How much short interest is there in Childrens Place Inc?
A steep rise in short interest was recorded in Childrens Place Inc stocks on 2024-08-30, growing by 0.59 million shares to a total of 2.82 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 2.23 million shares. There was a rise of 20.93%, which implies that there is a positive sentiment for the stock.
