G-III Apparel Group Ltd’s recently made public that its CEO GOLDFARB MORRIS unloaded Company’s shares for reported $3.16 million on Sep 24 ’24. In the deal valued at $31.59 per share,100,000 shares were sold. As a result of this transaction, GOLDFARB MORRIS now holds 3,990,085 shares worth roughly $126.73 million.
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Then, GOLDFARB MORRIS sold 67,014 shares, generating $2,030,524 in total proceeds. Upon selling the shares at $30.30, the CEO now owns 3,923,071 shares.
Before that, MORRIS GOLDFARB & ARLENE GOLDF bought 67,014 shares. G-III Apparel Group Ltd shares valued at $2,030,189 were divested by the Officer at a price of $30.29 per share.
Guggenheim initiated its G-III Apparel Group Ltd [GIII] rating to a Buy in a research note published on October 09, 2024; the price target was $36. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in early September has reiterated a ‘”a Market perform”‘ rating for it. Telsey Advisory Group also remained covering GIII and reiterated its “Market perform” recommendation on March 15, 2024. Barclays revised its rating on March 04, 2024. It rated GIII as “an Underweight” which previously was an “an Equal weight”.
Price Performance Review of GIII
On Tuesday, G-III Apparel Group Ltd [NASDAQ:GIII] saw its stock jump 1.21% to $31.76. Over the last five days, the stock has gained 2.62%. G-III Apparel Group Ltd shares have fallen nearly -6.53% since the year began. Nevertheless, the stocks have risen 8.88% over the past one year. While a 52-week high of $35.68 was reached on 02/26/24, a 52-week low of $20.66 was recorded on 08/05/24. SMA at 50 days reached $30.58, while 200 days put it at $28.67.
Levels Of Support And Resistance For GIII Stock
The 24-hour chart illustrates a support level at 31.16, which if violated will result in even more drops to 30.55. On the upside, there is a resistance level at 32.10. A further resistance level may holdings at 32.43. The Relative Strength Index (RSI) on the 14-day chart is 58.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.74, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 2.13%. Stochastics %K at 73.69% indicates the stock is a holding.
How much short interest is there in G-III Apparel Group Ltd?
A steep rise in short interest was recorded in G-III Apparel Group Ltd stocks on 2024-11-15, growing by 79100.0 shares to a total of 4.27 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 4.19 million shares. There was a rise of 1.85%, which implies that there is a positive sentiment for the stock.
