In a filing, Ralph Lauren Corp revealed its COO Nielsen Jane unloaded Company’s shares for reported $11.52 million on May 24 ’24. In the deal valued at $171.25 per share,67,243 shares were sold. As a result of this transaction, Nielsen Jane now holds 44,591 shares worth roughly $-9.19 million.
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Then, Lauren Family, L.L.C. sold 3,000,000 shares, generating $531,450,000 in total proceeds. Upon selling the shares at $177.15, the 10% Owner now owns 0 shares.
Before that, Alagoz Halide sold 2,115 shares. Ralph Lauren Corp shares valued at $374,821 were divested by the Chief Product Officer at a price of $177.22 per share. As a result of the transaction, Alagoz Halide now holds 27,872 shares, worth roughly $5.74 million.
Telsey Advisory Group reiterated its Ralph Lauren Corp [RL] rating to an Outperform in a research note published on September 20, 2024; the price target was $207. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in late April with a ‘”a Buy”‘ rating. Telsey Advisory Group also remained covering RL and reiterated its “an Outperform” recommendation on February 09, 2024. Goldman revised its rating on December 12, 2023. It rated RL as “a Neutral” which previously was an “a Sell”.
Price Performance Review of RL
On Monday, Ralph Lauren Corp [NYSE:RL] saw its stock jump 2.09% to $206.10. Over the last five days, the stock has gained 5.40%. Ralph Lauren Corp shares have risen nearly 42.93% since the year began. Nevertheless, the stocks have risen 87.69% over the past one year. While a 52-week high of $202.89 was reached on 10/14/24, a 52-week low of $108.60 was recorded on 01/18/24. SMA at 50 days reached $178.51, while 200 days put it at $171.51.
Levels Of Support And Resistance For RL Stock
The 24-hour chart illustrates a support level at 202.23, which if violated will result in even more drops to 198.37. On the upside, there is a resistance level at 208.35. A further resistance level may holdings at 210.61. The Relative Strength Index (RSI) on the 14-day chart is 77.31, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.35, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.51%. Stochastics %K at 94.53% indicates the stock is a selling.
How much short interest is there in Ralph Lauren Corp?
A steep rise in short interest was recorded in Ralph Lauren Corp stocks on 2024-09-30, growing by 0.91 million shares to a total of 3.62 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 2.72 million shares. There was a rise of 25.0%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on November 07, 2023 when Evercore ISI began covering the stock and recommended ‘”an Outperform”‘ rating along with a $130 price target.
