VF Corp.’s recently made public that its Director Carucci Richard acquired Company’s shares for reported $0.25 million on Aug 22 ’24. In the deal valued at $16.70 per share,15,000 shares were bought. As a result of this transaction, Carucci Richard now holds 230,178 shares worth roughly $4.68 million.
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Then, Carucci Richard bought 25,000 shares, generating $344,495 in total proceeds. Upon buying the shares at $13.78, the Director now owns 215,130 shares.
Before that, Darrell Bracken bought 75,200 shares. VF Corp. shares valued at $997,408 were divested by the President & Chief Exec Officer at a price of $13.26 per share. As a result of the transaction, Darrell Bracken now holds 219,972 shares, worth roughly $4.47 million.
Goldman initiated its VF Corp. [VFC] rating to a Neutral in a research note published on October 11, 2024; the price target was $20. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in late September with a ‘”a Hold”‘ rating. Barclays also remained covering VFC and has increased its forecast on September 18, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating. Telsey Advisory Group maintained its rating on August 07, 2024. It rated VFC as “a Market perform”.
Price Performance Review of VFC
On Friday, VF Corp. [NYSE:VFC] saw its stock jump 0.40% to $20.33. Over the last five days, the stock has lost -4.60%. VF Corp. shares have risen nearly 8.14% since the year began. Nevertheless, the stocks have risen 25.80% over the past one year. While a 52-week high of $21.40 was reached on 10/07/24, a 52-week low of $11.00 was recorded on 05/23/24. SMA at 50 days reached $18.21, while 200 days put it at $15.58.
Levels Of Support And Resistance For VFC Stock
The 24-hour chart illustrates a support level at 20.04, which if violated will result in even more drops to 19.74. On the upside, there is a resistance level at 20.50. A further resistance level may holdings at 20.66. The Relative Strength Index (RSI) on the 14-day chart is 60.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.02%. Stochastics %K at 62.71% indicates the stock is a holding.
How much short interest is there in VF Corp.?
A steep rise in short interest was recorded in VF Corp. stocks on 2024-09-30, dropping by -4.98 million shares to a total of 36.47 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 41.45 million shares. There was a decline of -13.65%, which implies that there is a negative sentiment for the stock.
