Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. American Eagle Outfitters Inc. shares valued at $3,996,758 were purchased by SCHOTTENSTEIN JAY L on Sep 19 ’24. At $20.04 per share, SCHOTTENSTEIN JAY L acquired 199,452 shares.
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Also, SCHOTTENSTEIN JAY L purchased 199,452 shares, netting a total of over 3,996,758 in proceeds.
Before that, SCHOTTENSTEIN JAY L had added 199,452 shares to its account. In a trade valued at $3,996,758, the Officer bought American Eagle Outfitters Inc. shares for $20.04 each.
As published in a research note from Telsey Advisory Group on August 30, 2024, American Eagle Outfitters Inc. [AEO] has been retained to a Market perform and the price target has been revised to $23. Analysts at JP Morgan upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in early April. As of March 08, 2024, Telsey Advisory Group has reiterated its “Market perform” rating for AEO. Earlier on January 09, 2024, Telsey Advisory Group resumed its rating. Their recommendation was “a Market perform” for AEO stock.
Analyzing AEO Stock Performance
During the last five days, there has been a surge of approximately 3.72%. Over the course of the year, American Eagle Outfitters Inc. shares have dropped approximately -5.25%. Shares of the company reached a 52-week high of $26.44 on 03/07/24 and a 52-week low of $18.62 on 09/09/24. A 50-day SMA is recorded $20.71, while a 200-day SMA reached $21.79. Nevertheless, trading volume fell to 3.97 million shares from 3.5 million shares the previous day.
Support And Resistance Levels for American Eagle Outfitters Inc. (AEO)
According to the 24-hour chart, there is a support level at 19.79, which, if violated, would cause prices to drop to 19.53. In the upper region, resistance lies at 20.38. The next price resistance is at 20.72. RSI (Relative Strength Index) is 48.80 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.25, which suggests the price will decrease in the coming days. Percent R is at 35.87%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
