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Taking a Closer Look At Abercrombie & Fitch Co (ANF) Following Its Recent Trade

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In a filing, Abercrombie & Fitch Co revealed its Director Suzanne M. Coutler acquired Company’s shares for reported $0.43 million on Dec 02 ’24. In the deal valued at $150.00 per share,2,870 shares were bought.

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Then, Robinson Kenneth B. bought 1,100 shares, generating $177,914 in total proceeds.

Before that, Coulter Suzanne M bought 6,800 shares. Abercrombie & Fitch Co shares valued at $1,100,253 were divested by the Director at a price of $161.80 per share.

Citigroup upgraded its Abercrombie & Fitch Co [ANF] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in late August has reiterated a ‘”an Outperform”‘ rating for it. JP Morgan also remained covering ANF and has increased its forecast on July 22, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. Argus revised its rating on July 11, 2024. It rated ANF as “a Hold” which previously was an “a Buy”.

Price Performance Review of ANF

On Monday, Abercrombie & Fitch Co [NYSE:ANF] saw its stock jump 5.09% to $157.31. Over the last five days, the stock has gained 3.50%. Abercrombie & Fitch Co shares have risen nearly 78.32% since the year began. Nevertheless, the stocks have risen 107.29% over the past one year. While a 52-week high of $196.99 was reached on 05/29/24, a 52-week low of $75.18 was recorded on 01/02/24. SMA at 50 days reached $144.16, while 200 days put it at $144.52.

Levels Of Support And Resistance For ANF Stock

The 24-hour chart illustrates a support level at 150.22, which if violated will result in even more drops to 143.13. On the upside, there is a resistance level at 164.18. A further resistance level may holdings at 171.04. The Relative Strength Index (RSI) on the 14-day chart is 62.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.86, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 22.56%. Stochastics %K at 61.70% indicates the stock is a holding.

How much short interest is there in Abercrombie & Fitch Co?

A steep rise in short interest was recorded in Abercrombie & Fitch Co stocks on 2024-10-31, dropping by -0.16 million shares to a total of 4.16 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 4.32 million shares. There was a decline of -3.85%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on May 30, 2024 when Telsey Advisory Group resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $208.

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