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An Analysis of Levi Strauss & Co (LEVI)’s Potential Price Growth

Levi Strauss & Co’s filing revealed that its ASSOCIATED TO AFFILIATE Red Tab Foundation acquired Company’s shares for reported $0.24 million on Oct 17 ’24. In the deal valued at $18.16 per share,13,334 shares were bought.

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Then, Friedman David A bought 554 shares, generating $10,675 in total proceeds.

Before that, Friedman David A sold 12,500 shares. Levi Strauss & Co shares valued at $271,875 were divested by the Director at a price of $21.75 per share. As a result of the transaction, Friedman David A now holds 216,676 shares, worth roughly $3.65 million.

Telsey Advisory Group reiterated its Levi Strauss & Co [LEVI] rating to an Outperform in a research note published on June 21, 2024; the price target was $26. A number of analysts have revised their coverage, including OTR Global’s analysts, who began to cover the stock in mid June with a ‘”a Positive”‘ rating. Telsey Advisory Group also remained covering LEVI and reiterated its “an Outperform” recommendation on April 04, 2024. Telsey Advisory Group maintained its rating on March 27, 2024. It rated LEVI as “an Outperform”.

Price Performance Review of LEVI

On Tuesday, Levi Strauss & Co [NYSE:LEVI] saw its stock fall -0.65% to $16.86. Over the last five days, the stock has lost -0.12%. Levi Strauss & Co shares have risen nearly 1.93% since the year began. Nevertheless, the stocks have risen 18.98% over the past one year. While a 52-week high of $24.34 was reached on 06/06/24, a 52-week low of $13.94 was recorded on 01/16/24. SMA at 50 days reached $18.92, while 200 days put it at $19.58.

Levels Of Support And Resistance For LEVI Stock

The 24-hour chart illustrates a support level at 16.72, which if violated will result in even more drops to 16.58. On the upside, there is a resistance level at 17.04. A further resistance level may holdings at 17.22. The Relative Strength Index (RSI) on the 14-day chart is 30.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.42%. Stochastics %K at 18.20% indicates the stock is a buying.

How much short interest is there in Levi Strauss & Co?

A steep rise in short interest was recorded in Levi Strauss & Co stocks on 2024-10-31, dropping by -0.91 million shares to a total of 5.03 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 5.94 million shares. There was a decline of -18.07%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on January 26, 2024 when Telsey Advisory Group resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $18.

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