Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Levi Strauss & Co. shares valued at $242,145 were purchased by Red Tab Foundation on Oct 17 ’24. At $18.16 per share, Red Tab Foundation acquired 13,334 shares.
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Also, Friedman David A purchased 554 shares, netting a total of over 10,675 in proceeds.
Before that, Friedman David A had sold 12,500 shares from its account. In a trade valued at $271,875, the Director traded Levi Strauss & Co. shares for $21.75 each. Upon closing the transaction, the insider’s holdings decreased to 12,500 shares, worth approximately $3.85 million.
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 -5.12%. Over the course of the year, Levi Strauss & Co. shares have jumped approximately 7.50%. 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 $19.44, while a 200-day SMA reached $19.49. Nevertheless, trading volume fell to 2.24 million shares from 1.43 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 17.59, which, if violated, would cause prices to drop to 17.41. In the upper region, resistance lies at 18.13. The next price resistance is at 18.48. RSI (Relative Strength Index) is 32.90 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.65, which suggests the price will decrease in the coming days. Percent R is at 98.95%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
