In a filing, Guess Inc. revealed its CEO and Director ALBERINI CARLOS unloaded Company’s shares for reported $6.42 million on Apr 05 ’24. In the deal valued at $30.32 per share,211,797 shares were sold. As a result of this transaction, ALBERINI CARLOS now holds 1,269,778 shares worth roughly $25.22 million.
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Then, ALBERINI CARLOS sold 138,203 shares, generating $4,219,338 in total proceeds. Upon selling the shares at $30.53, the CEO and Director now owns 1,131,575 shares.
Before that, MARCIANO PAUL sold 300,000 shares. Guess Inc. shares valued at $7,065,540 were divested by the Chief Creative Officer at a price of $23.55 per share. As a result of the transaction, MARCIANO PAUL now holds 4,325,109 shares, worth roughly $85.9 million.
Telsey Advisory Group reiterated its Guess Inc. [GES] rating to a Market perform in a research note published on August 29, 2024; the price target was $21. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in late May has reiterated a ‘”a Market perform”‘ rating for it. Telsey Advisory Group also remained covering GES and reiterated its “Market perform” recommendation on March 21, 2024. Jefferies revised its rating on January 04, 2024. It rated GES as “a Hold” which previously was an “a Buy”.
Price Performance Review of GES
On Friday, Guess Inc. [NYSE:GES] saw its stock jump 3.44% to $19.86. Over the last five days, the stock has lost -1.10%. Guess Inc. shares have fallen nearly -6.22% since the year began. Nevertheless, the stocks have risen 3.08% over the past one year. While a 52-week high of $30.76 was reached on 04/01/24, a 52-week low of $18.52 was recorded on 09/12/24. SMA at 50 days reached $20.78, while 200 days put it at $23.61.
Levels Of Support And Resistance For GES Stock
The 24-hour chart illustrates a support level at 19.63, which if violated will result in even more drops to 19.39. On the upside, there is a resistance level at 20.03. A further resistance level may holdings at 20.19. The Relative Strength Index (RSI) on the 14-day chart is 49.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 29.94%. Stochastics %K at 39.36% indicates the stock is a holding.
How much short interest is there in Guess Inc.?
A steep rise in short interest was recorded in Guess Inc. stocks on 2024-09-13, dropping by -0.4 million shares to a total of 8.86 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 9.26 million shares. There was a decline of -4.48%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 12, 2023 when B. Riley Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $31 price target.
