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Telsey Advisory Group gives a Market perform recommendation for American Eagle Outfitters Inc (AEO)

In a filing, American Eagle Outfitters Inc revealed its Director MCMILLAN CARY D unloaded Company’s shares for reported $49057.0 on Oct 16 ’24. In the deal valued at $21.49 per share,2,283 shares were sold. As a result of this transaction, MCMILLAN CARY D now holds 0 shares worth roughly $0.0.

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Then, MCMILLAN CARY D bought 2,283 shares, generating $49,057 in total proceeds.

Before that, Foyle Jennifer M. sold 30,000 shares. American Eagle Outfitters Inc shares valued at $653,670 were divested by the Global Brand President-aerie at a price of $21.79 per share. As a result of the transaction, Foyle Jennifer M. now holds 200,427 shares, worth roughly $3.99 million.

Telsey Advisory Group reiterated its American Eagle Outfitters Inc [AEO] rating to a Market perform in a research note published on August 30, 2024; the price target was $23. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in early April from “a Neutral” to “an Overweight”. Telsey Advisory Group also remained covering AEO and reiterated its “Market perform” recommendation on March 08, 2024. Telsey Advisory Group maintained its rating on January 09, 2024. It rated AEO as “a Market perform”.

Price Performance Review of AEO

On Monday, American Eagle Outfitters Inc [NYSE:AEO] saw its stock jump 3.59% to $19.93. Over the last five days, the stock has gained 13.17%. American Eagle Outfitters Inc shares have fallen nearly -5.81% since the year began. Nevertheless, the stocks have risen 4.73% over the past one year. While a 52-week high of $26.44 was reached on 03/07/24, a 52-week low of $16.88 was recorded on 11/21/24. SMA at 50 days reached $19.82, while 200 days put it at $21.56.

Levels Of Support And Resistance For AEO Stock

The 24-hour chart illustrates a support level at 19.26, which if violated will result in even more drops to 18.60. On the upside, there is a resistance level at 20.54. A further resistance level may holdings at 21.16. The Relative Strength Index (RSI) on the 14-day chart is 59.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.06, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.49%. Stochastics %K at 85.71% indicates the stock is a selling.

How much short interest is there in American Eagle Outfitters Inc?

A steep rise in short interest was recorded in American Eagle Outfitters Inc stocks on 2024-11-15, dropping by -1.35 million shares to a total of 14.98 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 16.32 million shares. There was a decline of -9.0%, which implies that there is a negative sentiment for the stock.

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