The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Levi Strauss & Co. shares valued at $10,675 were purchased by Friedman David A on Oct 09 ’24. At $19.27 per share, Friedman David A acquired 554 shares.
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Also, Friedman David A sold 12,500 shares, netting a total of over 271,875 in proceeds. Following the sale of shares at $21.75 each, the insider now holds 216,676 shares.
Before that, Friedman David A had added 25,000 shares to its account. In a trade valued at $543,750, the Director bought Levi Strauss & Co. shares for $21.75 each.
As published in a research note from Telsey Advisory Group on June 21, 2024, Levi Strauss & Co. [LEVI] has been retained to an Outperform and the price target has been revised to $26. Analysts at OTR Global started covering the stock with ‘”a Positive”‘ outlook in a report released in mid June. As of April 04, 2024, Telsey Advisory Group has reiterated its “an Outperform” rating for LEVI. Earlier on March 27, 2024, Telsey Advisory Group resumed its rating. Their recommendation was “an Outperform” for LEVI stock.
Analyzing LEVI Stock Performance
During the last five days, there has been a drop of approximately -0.79%. Over the course of the year, Levi Strauss & Co. shares have jumped approximately 13.30%. Shares of the company reached a 52-week high of $24.34 on 06/06/24 and a 52-week low of $14.87 on 01/16/24. A 50-day SMA is recorded $19.37, while a 200-day SMA reached $19.43. Nevertheless, trading volume fell to 2.28 million shares from 1.76 million shares the previous day.
Support And Resistance Levels for Levi Strauss & Co. (LEVI)
According to the 24-hour chart, there is a support level at 18.49, which, if violated, would cause prices to drop to 18.25. In the upper region, resistance lies at 19.19. The next price resistance is at 19.65. RSI (Relative Strength Index) is 40.37 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.84, which suggests the price will decrease in the coming days. Percent R is at 95.54%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
