The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Abercrombie & Fitch Co shares valued at $2,501,264 were sold by Desai Samir on Sep 06 ’24. At $131.36 per share, Desai Samir sold 19,041 shares. The insider’s holdings dropped to 27,985 shares worth approximately $3.83 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, TRAVIS NIGEL sold 4,292 shares, netting a total of over 568,789 in proceeds. Following the sale of shares at $132.52 each, the insider now holds 19,800 shares.
Before that, McCluskey Helen had sold 3,500 shares from its account. In a trade valued at $487,830, the Director traded Abercrombie & Fitch Co shares for $139.38 each. Upon closing the transaction, the insider’s holdings decreased to 3,500 shares, worth approximately $5.13 million.
As published in a research note from Citigroup on August 30, 2024, Abercrombie & Fitch Co [ANF] has been rated up from a Neutral to a Buy and the price target has been revised to $190. Analysts at Telsey Advisory Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in late August. As of July 22, 2024, JP Morgan has increased its “Neutral” rating to a “an Overweight” for ANF. Earlier on July 11, 2024, Argus downgraded its rating. Their new recommendation was “a Hold” for ANF stock which previously was a “a Buy”.
Analyzing ANF Stock Performance
During the last five days, there has been a drop of approximately -3.47%. Over the course of the year, Abercrombie & Fitch Co shares have jumped approximately 55.08%. Shares of the company reached a 52-week high of $196.99 on 05/29/24 and a 52-week low of $86.91 on 01/02/24. A 50-day SMA is recorded $142.46, while a 200-day SMA reached $143.23. Nevertheless, trading volume fell to 1.31 million shares from 1.34 million shares the previous day.
Support And Resistance Levels for Abercrombie & Fitch Co (ANF)
According to the 24-hour chart, there is a support level at 135.11, which, if violated, would cause prices to drop to 133.40. In the upper region, resistance lies at 140.04. The next price resistance is at 143.26. RSI (Relative Strength Index) is 43.05 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.85, which suggests the price will decrease in the coming days. Percent R is at 67.52%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
