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VFC (VF Corp) may reap gains as insiders became active recently

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 $4.54 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 $4.34 million.

Telsey Advisory Group reiterated its VF Corp [VFC] rating to a Market perform in a research note published on October 29, 2024; the price target was $21. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in mid October from “an Equal weight” to “an Underweight”. Goldman began covering VFC with “Neutral” recommendation on October 11, 2024. Jefferies started covering the stock on September 27, 2024. It rated VFC as “a Hold”.

Price Performance Review of VFC

On Friday, VF Corp [NYSE:VFC] saw its stock jump 5.06% to $19.74. Over the last five days, the stock has lost -2.08%. VF Corp shares have risen nearly 5.00% since the year began. Nevertheless, the stocks have risen 18.35% over the past one year. While a 52-week high of $23.09 was reached on 10/30/24, a 52-week low of $11.00 was recorded on 05/23/24. SMA at 50 days reached $19.57, while 200 days put it at $16.00.

Levels Of Support And Resistance For VFC Stock

The 24-hour chart illustrates a support level at 19.13, which if violated will result in even more drops to 18.53. On the upside, there is a resistance level at 20.21. A further resistance level may holdings at 20.68. The Relative Strength Index (RSI) on the 14-day chart is 49.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.75%. Stochastics %K at 15.86% 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 2024-10-31, dropping by -1.5 million shares to a total of 34.97 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 36.47 million shares. There was a decline of -4.3%, which implies that there is a negative sentiment for the stock.

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