Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. VF Corp. shares valued at $250,500 were purchased by Carucci Richard on Aug 22 ’24. At $16.70 per share, Carucci Richard acquired 15,000 shares. The insider’s holdings grew to 230,178 shares worth approximately $4.5 million following the completion of this transaction.
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Also, Carucci Richard purchased 25,000 shares, netting a total of over 344,495 in proceeds. Following the buying of shares at $13.78 each, the insider now holds 215,130 shares.
Before that, Darrell Bracken had added 75,200 shares to its account. In a trade valued at $997,408, the President & Chief Exec Officer bought VF Corp. shares for $13.26 each. Upon closing the transaction, the insider’s holdings increased to 75,200 shares, worth approximately $4.3 million.
As published in a research note from Wells Fargo on October 14, 2024, VF Corp. [VFC] has been rated down from an Equal weight to an Underweight and the price target has been revised to $15 from $16. Analysts at Goldman started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid October. As of September 27, 2024, Jefferies has initiated its “Hold” rating for VFC. Earlier on September 18, 2024, Barclays upgraded its rating. Their new recommendation was “an Overweight” for VFC stock which previously was a “an Equal weight”.
Analyzing VFC Stock Performance
During the last five days, there has been a drop of approximately -2.15%. Over the course of the year, VF Corp. shares have jumped approximately 3.99%. Shares of the company reached a 52-week high of $21.40 on 10/07/24 and a 52-week low of $11.00 on 05/23/24. A 50-day SMA is recorded $18.41, while a 200-day SMA reached $15.59. Nevertheless, trading volume fell to 5.1 million shares from 5.43 million shares the previous day.
Support And Resistance Levels for VF Corp. (VFC)
According to the 24-hour chart, there is a support level at 19.33, which, if violated, would cause prices to drop to 19.12. In the upper region, resistance lies at 19.91. The next price resistance is at 20.27. RSI (Relative Strength Index) is 53.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.42, which suggests the price will decrease in the coming days. Percent R is at 74.00%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
