In a filing, VF Corp. revealed its Director Carucci Richard acquired Company’s shares for reported $0.25 million on Aug 22 ’24. In the deal valued at $16.70 per share,15,000 shares were bought. As a result of this transaction, Carucci Richard now holds 230,178 shares worth roughly $3.85 million.
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Then, Carucci Richard bought 25,000 shares, generating $344,495 in total proceeds. Upon buying the shares at $13.78, the Director now owns 215,130 shares.
Before that, Darrell Bracken bought 75,200 shares. VF Corp. shares valued at $997,408 were divested by the President & Chief Exec Officer at a price of $13.26 per share. As a result of the transaction, Darrell Bracken now holds 219,972 shares, worth roughly $3.68 million.
Wells Fargo downgraded its VF Corp. [VFC] rating to an Underweight from a an Equal weight in a research note published on October 14, 2024; the price target was decreased to $15 from $16. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in mid October with a ‘”a Neutral”‘ rating. Jefferies began covering VFC with “Hold” recommendation on September 27, 2024. Barclays revised its rating on September 18, 2024. It rated VFC as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of VFC
On Friday, VF Corp. [NYSE:VFC] saw its stock jump 0.97% to $16.73. Over the last five days, the stock has lost -14.64%. VF Corp. shares have fallen nearly -11.01% since the year began. Nevertheless, the stocks have fallen -6.80% over the past one year. While a 52-week high of $21.40 was reached on 10/07/24, a 52-week low of $11.00 was recorded on 05/23/24. SMA at 50 days reached $18.50, while 200 days put it at $15.61.
Levels Of Support And Resistance For VFC Stock
The 24-hour chart illustrates a support level at 16.50, which if violated will result in even more drops to 16.27. On the upside, there is a resistance level at 17.11. A further resistance level may holdings at 17.48. The Relative Strength Index (RSI) on the 14-day chart is 33.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.37%. Stochastics %K at 3.06% indicates the stock is a buying.
How much short interest is there in VF Corp.?
A steep rise in short interest was recorded in VF Corp. stocks on 2024-10-15, dropping by 97209.0 shares to a total of 42.94 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 43.04 million shares. There was a decline of -0.23%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on August 07, 2024 when Telsey Advisory Group resumed its ‘”a Market perform”‘ rating for the stock and retained the price target to $19.
