Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Ralph Lauren Corp shares valued at $11,515,478 were sold by Nielsen Jane on May 24 ’24. At $171.25 per share, Nielsen Jane sold 67,243 shares. The insider’s holdings dropped to 44,591 shares worth approximately $9.05 million following the completion of this transaction.
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Also, Lauren Family, L.L.C. sold 3,000,000 shares, netting a total of over 531,450,000 in proceeds. Following the sale of shares at $177.15 each, the insider now holds 0 shares.
Before that, Alagoz Halide had sold 2,115 shares from its account. In a trade valued at $374,821, the Chief Product Officer traded Ralph Lauren Corp shares for $177.22 each. Upon closing the transaction, the insider’s holdings decreased to 2,115 shares, worth approximately $5.66 million.
As published in a research note from Telsey Advisory Group on September 20, 2024, Ralph Lauren Corp [RL] has been retained to an Outperform and the price target has been revised to $207. Analysts at Jefferies started covering the stock with ‘”a Buy”‘ outlook in a report released in late April. As of February 09, 2024, Telsey Advisory Group has reiterated its “an Outperform” rating for RL. Earlier on December 12, 2023, Goldman upgraded its rating. Their new recommendation was “a Neutral” for RL stock which previously was a “a Sell”.
Analyzing RL Stock Performance
During the last five days, there has been a surge of approximately 1.92%. Over the course of the year, Ralph Lauren Corp shares have jumped approximately 40.74%. Shares of the company reached a 52-week high of $206.74 on 10/14/24 and a 52-week low of $134.90 on 01/18/24. A 50-day SMA is recorded $180.96, while a 200-day SMA reached $172.37. Nevertheless, trading volume fell to 0.5 million shares from 0.56 million shares the previous day.
Support And Resistance Levels for Ralph Lauren Corp (RL)
According to the 24-hour chart, there is a support level at 201.72, which, if violated, would cause prices to drop to 200.51. In the upper region, resistance lies at 204.61. The next price resistance is at 206.29. RSI (Relative Strength Index) is 68.17 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.46, which suggests the price will increase in the coming days. Percent R is at 21.42%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
