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Truist gives a Hold recommendation for VF Corp (VFC)

VF Corp’s recently made public that its Director Carucci Richard acquired Company’s shares for reported $0.25 million on Aug 22 ’24. In the deal valued at $16.70 per share,15,000 shares were bought. As a result of this transaction, Carucci Richard now holds 230,178 shares worth roughly $4.91 million.

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Then, Carucci Richard bought 25,000 shares, generating $344,495 in total proceeds. Upon buying the shares at $13.78, the Director now owns 215,130 shares.

Before that, Darrell Bracken bought 75,200 shares. VF Corp shares valued at $997,408 were divested by the President & Chief Exec Officer at a price of $13.26 per share. As a result of the transaction, Darrell Bracken now holds 219,972 shares, worth roughly $4.69 million.

Truist initiated its VF Corp [VFC] rating to a Hold in a research note published on December 05, 2024; the price target was $20. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in late October has reiterated a ‘”a Market perform”‘ rating for it. Wells Fargo also remained covering VFC and has decreased its forecast on October 14, 2024 with a “an Underweight” recommendation from previously “an Equal weight” rating. Goldman started covering the stock on October 11, 2024. It rated VFC as “a Neutral”.

Price Performance Review of VFC

On Monday, VF Corp [NYSE:VFC] saw its stock jump 1.38% to $21.34. Over the last five days, the stock has gained 2.25%. VF Corp shares have risen nearly 13.51% since the year began. Nevertheless, the stocks have risen 17.25% over the past one year. While a 52-week high of $23.09 was reached on 10/30/24, a 52-week low of $11.00 was recorded on 05/23/24. SMA at 50 days reached $19.96, while 200 days put it at $16.22.

Levels Of Support And Resistance For VFC Stock

The 24-hour chart illustrates a support level at 21.05, which if violated will result in even more drops to 20.75. On the upside, there is a resistance level at 21.85. A further resistance level may holdings at 22.35. The Relative Strength Index (RSI) on the 14-day chart is 59.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 19.89%. Stochastics %K at 76.84% indicates the stock is a holding.

How much short interest is there in VF Corp?

A steep rise in short interest was recorded in VF Corp stocks on 2024-11-15, dropping by -8.37 million shares to a total of 34.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 42.94 million shares. There was a decline of -24.21%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on September 27, 2024 when Jefferies began covering the stock and recommended ‘”a Hold”‘ rating along with a $20 price target.

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