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. Ralph Lauren Corp shares valued at $8,318,353 were sold by Lauren David R. on Nov 08 ’24. At $221.14 per share, Lauren David R. sold 37,615 shares. The insider’s holdings dropped to 7,136 shares worth approximately $1.66 million following the completion of this transaction.
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Also, Lauren David R. purchased 31,952 shares, netting a total of over 7,060,150 in proceeds.
Before that, Lauren David R. had added 5,663 shares to its account. In a trade valued at $1,255,487, the Officer bought Ralph Lauren Corp shares for $221.70 each.
As published in a research note from Telsey Advisory Group on November 08, 2024, Ralph Lauren Corp [RL] has been retained to an Outperform and the price target has been revised to $247. Analysts at Telsey Advisory Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in mid September. As of April 30, 2024, Jefferies has initiated its “Buy” rating for RL. Earlier on February 09, 2024, Telsey Advisory Group resumed its rating. Their recommendation was “an Outperform” for RL stock.
Analyzing RL Stock Performance
During the last five days, there has been a surge of approximately 4.31%. Over the course of the year, Ralph Lauren Corp shares have jumped approximately 61.49%. Shares of the company reached a 52-week high of $237.16 on 11/07/24 and a 52-week low of $134.90 on 01/18/24. A 50-day SMA is recorded $205.90, while a 200-day SMA reached $182.14. Nevertheless, trading volume fell to 0.5 million shares from 7140.0 shares the previous day.
Support And Resistance Levels for Ralph Lauren Corp (RL)
According to the 24-hour chart, there is a support level at 231.03, which, if violated, would cause prices to drop to 229.18. In the upper region, resistance lies at 234.65. The next price resistance is at 236.42. RSI (Relative Strength Index) is 71.18 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 14.84, which suggests the price will increase in the coming days. Percent R is at 7.92%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
