Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. American Eagle Outfitters Inc shares valued at $49,057 were sold by MCMILLAN CARY D on Oct 16 ’24. At $21.49 per share, MCMILLAN CARY D sold 2,283 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, MCMILLAN CARY D purchased 2,283 shares, netting a total of over 49,057 in proceeds.
Before that, Foyle Jennifer M. had sold 30,000 shares from its account. In a trade valued at $653,670, the Global Brand President-aerie traded American Eagle Outfitters Inc shares for $21.79 each. Upon closing the transaction, the insider’s holdings decreased to 30,000 shares, worth approximately $3.53 million.
As published in a research note from Telsey Advisory Group on December 05, 2024, American Eagle Outfitters Inc [AEO] has been retained to a Market perform and the price target has been revised to $20. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in early December. As of August 30, 2024, Telsey Advisory Group has reiterated its “Market perform” rating for AEO. Earlier on April 09, 2024, JP Morgan upgraded its rating. Their new recommendation was “an Overweight” for AEO stock which previously was a “a Neutral”.
Analyzing AEO Stock Performance
During the last five days, there has been a drop of approximately -5.22%. Over the course of the year, American Eagle Outfitters Inc shares have dropped approximately -16.78%. Shares of the company reached a 52-week high of $26.44 on 03/07/24 and a 52-week low of $16.88 on 11/21/24. A 50-day SMA is recorded $19.75, while a 200-day SMA reached $21.51. Nevertheless, trading volume fell to 21.85 million shares from 3.85 million shares the previous day.
Support And Resistance Levels for American Eagle Outfitters Inc (AEO)
According to the 24-hour chart, there is a support level at 17.00, which, if violated, would cause prices to drop to 16.39. In the upper region, resistance lies at 18.16. The next price resistance is at 18.71. RSI (Relative Strength Index) is 41.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.92, which suggests the price will decrease in the coming days. Percent R is at 80.00%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
