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. Torrid Holdings Inc shares valued at $4,151,280 were sold by Sycamore Partners Torrid, L.L. on Sep 19 ’24. At $3.80 per share, Sycamore Partners Torrid, L.L. sold 1,092,442 shares. The insider’s holdings dropped to 73,976,602 shares worth approximately $298.87 million following the completion of this transaction.
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Also, Munoz Elizabeth sold 28,228 shares, netting a total of over 107,266 in proceeds. Following the sale of shares at $3.80 each, the insider now holds 1,948,683 shares.
Before that, HARPER LISA M had sold 74,713 shares from its account. In a trade valued at $283,909, the Chief Executive Officer traded Torrid Holdings Inc shares for $3.80 each. Upon closing the transaction, the insider’s holdings decreased to 74,713 shares, worth approximately $22.31 million.
As published in a research note from William Blair on September 17, 2024, Torrid Holdings Inc [CURV] has been rated up from a Mkt perform to an Outperform. Analysts at Morgan Stanley downgraded the stock from ‘”an Equal-weight”‘ to ‘”an Underweight”‘ outlook in a report released in mid July. As of February 08, 2024, B. Riley Securities has initiated its “Buy” rating for CURV. Earlier on December 08, 2023, Telsey Advisory Group resumed its rating. Their recommendation was “a Market perform” for CURV stock.
Analyzing CURV Stock Performance
During the last five days, there has been a surge of approximately 2.02%. Over the course of the year, Torrid Holdings Inc shares have dropped approximately -29.98%. Shares of the company reached a 52-week high of $9.14 on 07/17/24 and a 52-week low of $2.18 on 10/07/24. A 50-day SMA is recorded $3.82, while a 200-day SMA reached $5.44. Nevertheless, trading volume fell to 0.27 million shares from 0.46 million shares the previous day.
Support And Resistance Levels for Torrid Holdings Inc (CURV)
According to the 24-hour chart, there is a support level at 3.92, which, if violated, would cause prices to drop to 3.79. In the upper region, resistance lies at 4.15. The next price resistance is at 4.26. RSI (Relative Strength Index) is 52.89 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.04, which suggests the price will decrease in the coming days. Percent R is at 57.75%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Which companies own the most shares of Torrid Holdings Inc (CURV)?
On September 07, 2023, Robert W. Baird assigned a price target of “a Neutral” to the stock and downgraded coverage with a $2.50.
