Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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 $4.16 million following the completion of this transaction.
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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 $5.57 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 surge of approximately 8.59%. Over the course of the year, Abercrombie & Fitch Co shares have jumped approximately 68.40%. 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 $143.64, while a 200-day SMA reached $144.18. Nevertheless, trading volume fell to 2.28 million shares from 5.02 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 145.16, which, if violated, would cause prices to drop to 141.77. In the upper region, resistance lies at 152.79. The next price resistance is at 157.03. RSI (Relative Strength Index) is 54.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.52, which suggests the price will increase in the coming days. Percent R is at 48.25%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
