Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Ralph Lauren Corp shares valued at $5,460,480 were purchased by Louvet Patrice on Dec 11 ’24. At $227.52 per share, Louvet Patrice acquired 24,000 shares.
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Also, Lauren David R. sold 37,615 shares, netting a total of over 8,318,353 in proceeds. Following the sale of shares at $221.14 each, the insider now holds 7,136 shares.
Before that, Lauren David R. had added 31,952 shares to its account. In a trade valued at $7,060,150, the Officer bought Ralph Lauren Corp shares for $220.96 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 drop of approximately -2.34%. Over the course of the year, Ralph Lauren Corp shares have jumped approximately 57.70%. 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 $209.45, while a 200-day SMA reached $183.22. Nevertheless, trading volume fell to 0.7 million shares from 0.36 million 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 224.82, which, if violated, would cause prices to drop to 222.24. In the upper region, resistance lies at 230.00. The next price resistance is at 232.59. RSI (Relative Strength Index) is 61.99 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.83, which suggests the price will increase in the coming days. Percent R is at 27.09%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
