G-III Apparel Group Ltd.’s recent filing unveils that its CEO GOLDFARB MORRIS unloaded Company’s shares for reported $3.16 million on Sep 24 ’24. In the deal valued at $31.59 per share,100,000 shares were sold. As a result of this transaction, GOLDFARB MORRIS now holds 3,990,085 shares worth roughly $121.78 million.
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Then, GOLDFARB MORRIS sold 67,014 shares, generating $2,030,524 in total proceeds. Upon selling the shares at $30.30, the CEO now owns 3,923,071 shares.
Before that, MORRIS GOLDFARB & ARLENE GOLDF bought 67,014 shares. G-III Apparel Group Ltd. shares valued at $2,030,189 were divested by the Officer at a price of $30.29 per share.
Telsey Advisory Group reiterated its G-III Apparel Group Ltd. [GIII] rating to a Market perform in a research note published on September 06, 2024; the price target was $32. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in mid March has reiterated a ‘”a Market perform”‘ rating for it. Barclays also remained covering GIII and has decreased its forecast on March 04, 2024 with a “an Underweight” recommendation from previously “an Equal weight” rating. Wells Fargo revised its rating on January 16, 2024. It rated GIII as “an Underweight” which previously was an “an Equal weight”.
Price Performance Review of GIII
On Monday, G-III Apparel Group Ltd. [NASDAQ:GIII] saw its stock jump 1.56% to $30.52. Over the last five days, the stock has lost -4.09%. G-III Apparel Group Ltd. shares have fallen nearly -10.18% since the year began. Nevertheless, the stocks have risen 22.57% over the past one year. While a 52-week high of $35.68 was reached on 02/26/24, a 52-week low of $20.66 was recorded on 08/05/24. SMA at 50 days reached $27.68, while 200 days put it at $28.97.
Levels Of Support And Resistance For GIII Stock
The 24-hour chart illustrates a support level at 29.89, which if violated will result in even more drops to 29.26. On the upside, there is a resistance level at 30.87. A further resistance level may holdings at 31.22. The Relative Strength Index (RSI) on the 14-day chart is 55.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.81, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.05%. Stochastics %K at 21.29% indicates the stock is a holding.
How much short interest is there in G-III Apparel Group Ltd.?
A steep rise in short interest was recorded in G-III Apparel Group Ltd. stocks on 2024-09-13, growing by 0.76 million shares to a total of 4.35 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 3.59 million shares. There was a rise of 17.39%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on December 02, 2022 when Telsey Advisory Group resumed its ‘”a Market perform”‘ rating for the stock and retained the price target to $14.
