In a filing, Ralph Lauren Corp revealed its Vice Chair, Chief Innovation Lauren David R. unloaded Company’s shares for reported $8.32 million on Nov 08 ’24. In the deal valued at $221.14 per share,37,615 shares were sold. As a result of this transaction, Lauren David R. now holds 7,136 shares worth roughly $1.47 million.
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Then, Lauren David R. bought 31,952 shares, generating $7,060,150 in total proceeds.
Before that, Lauren David R. bought 5,663 shares. Ralph Lauren Corp shares valued at $1,255,487 were divested by the Officer at a price of $221.70 per share.
Telsey Advisory Group reiterated its Ralph Lauren Corp [RL] rating to an Outperform in a research note published on November 08, 2024; the price target was $247. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in mid September has reiterated a ‘”an Outperform”‘ rating for it. Jefferies began covering RL with “Buy” recommendation on April 30, 2024. Telsey Advisory Group maintained its rating on February 09, 2024. It rated RL as “an Outperform”.
Price Performance Review of RL
On Tuesday, Ralph Lauren Corp [NYSE:RL] saw its stock fall -1.11% to $205.53. Over the last five days, the stock has lost -1.94%. Ralph Lauren Corp shares have risen nearly 42.53% since the year began. Nevertheless, the stocks have risen 68.81% over the past one year. While a 52-week high of $237.16 was reached on 11/07/24, a 52-week low of $120.95 was recorded on 01/18/24. SMA at 50 days reached $198.06, while 200 days put it at $179.64.
Levels Of Support And Resistance For RL Stock
The 24-hour chart illustrates a support level at 202.62, which if violated will result in even more drops to 199.71. On the upside, there is a resistance level at 207.72. A further resistance level may holdings at 209.91. The Relative Strength Index (RSI) on the 14-day chart is 51.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.53%. Stochastics %K at 29.52% indicates the stock is a holding.
How much short interest is there in Ralph Lauren Corp?
A steep rise in short interest was recorded in Ralph Lauren Corp stocks on 2024-10-31, dropping by -0.57 million shares to a total of 3.05 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.62 million shares. There was a decline of -18.79%, which implies that there is a negative sentiment for the stock.
