Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. G-III Apparel Group Ltd shares valued at $3,159,000 were sold by GOLDFARB MORRIS on Sep 24 ’24. At $31.59 per share, GOLDFARB MORRIS sold 100,000 shares. The insider’s holdings dropped to 3,990,085 shares worth approximately $113.96 million following the completion of this transaction.
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Also, GOLDFARB MORRIS sold 67,014 shares, netting a total of over 2,030,524 in proceeds. Following the sale of shares at $30.30 each, the insider now holds 3,923,071 shares.
Before that, MORRIS GOLDFARB & ARLENE GOLDF had added 67,014 shares to its account. In a trade valued at $2,030,189, the Officer bought G-III Apparel Group Ltd shares for $30.29 each.
As published in their initiating research note from Guggenheim on October 09, 2024, G-III Apparel Group Ltd [GIII] has been a Buy and the price target has been revised to $36. Analysts at Telsey Advisory Group resumed the stock at ‘”a Market perform”‘ outlook in a report released in early September. As of March 15, 2024, Telsey Advisory Group has reiterated its “Market perform” rating for GIII. Earlier on March 04, 2024, Barclays downgraded its rating. Their new recommendation was “an Underweight” for GIII stock which previously was a “an Equal weight”.
Analyzing GIII Stock Performance
During the last five days, there has been a drop of approximately -7.45%. Over the course of the year, G-III Apparel Group Ltd shares have dropped approximately -15.95%. Shares of the company reached a 52-week high of $34.48 on 02/26/24 and a 52-week low of $20.66 on 08/05/24. A 50-day SMA is recorded $30.76, while a 200-day SMA reached $28.71. Nevertheless, trading volume fell to 0.5 million shares from 0.3 million shares the previous day.
Support And Resistance Levels for G-III Apparel Group Ltd (GIII)
According to the 24-hour chart, there is a support level at 28.30, which, if violated, would cause prices to drop to 28.05. In the upper region, resistance lies at 29.05. The next price resistance is at 29.55. RSI (Relative Strength Index) is 34.44 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.21, which suggests the price will decrease in the coming days. Percent R is at 99.49%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
