Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Guess Inc. shares valued at $6,421,685 were sold by ALBERINI CARLOS on Apr 05 ’24. At $30.32 per share, ALBERINI CARLOS sold 211,797 shares. The insider’s holdings dropped to 1,269,778 shares worth approximately $25.32 million following the completion of this transaction.
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Also, ALBERINI CARLOS sold 138,203 shares, netting a total of over 4,219,338 in proceeds. Following the sale of shares at $30.53 each, the insider now holds 1,131,575 shares.
Before that, MARCIANO PAUL had sold 300,000 shares from its account. In a trade valued at $7,065,540, the Chief Creative Officer traded Guess Inc. shares for $23.55 each. Upon closing the transaction, the insider’s holdings decreased to 300,000 shares, worth approximately $86.24 million.
As published in a research note from Telsey Advisory Group on August 29, 2024, Guess Inc. [GES] has been retained to a Market perform and the price target has been revised to $21. Analysts at Telsey Advisory Group resumed the stock at ‘”a Market perform”‘ outlook in a report released in late May. As of March 21, 2024, Telsey Advisory Group has reiterated its “Market perform” rating for GES. Earlier on January 04, 2024, Jefferies downgraded its rating. Their new recommendation was “a Hold” for GES stock which previously was a “a Buy”.
Analyzing GES Stock Performance
During the last five days, there has been a surge of approximately 2.10%. Over the course of the year, Guess Inc. shares have dropped approximately -5.84%. Shares of the company reached a 52-week high of $33.50 on 04/01/24 and a 52-week low of $18.52 on 09/12/24. A 50-day SMA is recorded $21.19, while a 200-day SMA reached $23.70. Nevertheless, trading volume fell to 0.58 million shares from 0.56 million shares the previous day.
Support And Resistance Levels for Guess Inc. (GES)
According to the 24-hour chart, there is a support level at 19.61, which, if violated, would cause prices to drop to 19.28. In the upper region, resistance lies at 20.14. The next price resistance is at 20.33. RSI (Relative Strength Index) is 49.30 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.27, which suggests the price will decrease in the coming days. Percent R is at 10.13%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.