American Eagle Outfitters Inc.’s recently made public that its Director Sable David M. unloaded Company’s shares for reported $0.41 million on Sep 27 ’24. In the deal valued at $22.04 per share,18,420 shares were sold. As a result of this transaction, Sable David M. now holds 39,356 shares worth roughly $0.88 million.
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Then, Sable David M. bought 18,420 shares, generating $405,885 in total proceeds.
Before that, SCHOTTENSTEIN JAY L sold 999,999 shares. American Eagle Outfitters Inc. shares valued at $20,039,162 were divested by the Exec Chairman & CEO at a price of $20.04 per share. As a result of the transaction, SCHOTTENSTEIN JAY L now holds 0 shares, worth roughly $0.0.
Telsey Advisory Group reiterated its American Eagle Outfitters Inc. [AEO] rating to a Market perform in a research note published on August 30, 2024; the price target was $23. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in early April from “a Neutral” to “an Overweight”. Telsey Advisory Group also remained covering AEO and reiterated its “Market perform” recommendation on March 08, 2024. Telsey Advisory Group maintained its rating on January 09, 2024. It rated AEO as “a Market perform”.
Price Performance Review of AEO
On Monday, American Eagle Outfitters Inc. [NYSE:AEO] saw its stock jump 1.96% to $22.39. Over the last five days, the stock has gained 10.51%. American Eagle Outfitters Inc. shares have risen nearly 5.81% since the year began. Nevertheless, the stocks have risen 36.52% over the past one year. While a 52-week high of $26.44 was reached on 03/07/24, a 52-week low of $15.68 was recorded on 09/09/24. SMA at 50 days reached $20.76, while 200 days put it at $21.83.
Levels Of Support And Resistance For AEO Stock
The 24-hour chart illustrates a support level at 22.03, which if violated will result in even more drops to 21.66. On the upside, there is a resistance level at 22.69. A further resistance level may holdings at 22.99. The Relative Strength Index (RSI) on the 14-day chart is 67.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.52, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.19%. Stochastics %K at 92.70% indicates the stock is a selling.
How much short interest is there in American Eagle Outfitters Inc.?
A steep rise in short interest was recorded in American Eagle Outfitters Inc. stocks on 2024-09-13, dropping by -2.06 million shares to a total of 15.82 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 17.88 million shares. There was a decline of -13.01%, which implies that there is a negative sentiment for the stock.
