Shoe Carnival, Inc’s recent filing unveils that its 10% Owner WEAVER DELORES B acquired Company’s shares for reported $9.68 million on Dec 06 ’24. In the deal valued at $33.91 per share,285,500 shares were bought. As a result of this transaction, WEAVER DELORES B now holds 4,173,529 shares worth roughly $151.17 million.
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Then, WEAVER WAYNE J bought 285,500 shares, generating $9,681,305 in total proceeds. Upon buying the shares at $33.91, the CHAIRMAN OF THE BOARD now owns 4,173,529 shares.
Before that, Guthrie Andrea R. sold 702 shares. Shoe Carnival, Inc shares valued at $24,977 were divested by the Director at a price of $35.58 per share. As a result of the transaction, Guthrie Andrea R. now holds 21,576 shares, worth roughly $0.78 million.
Monness Crespi & Hardt downgraded its Shoe Carnival, Inc [SCVL] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Monness Crespi & Hardt’s analysts, who remained covering the stock and in mid February has reiterated a ‘”a Buy”‘ rating for it. Monness Crespi & Hardt also remained covering SCVL and reiterated its “Buy” recommendation on November 17, 2023. Seaport Research Partners started covering the stock on January 18, 2022. It rated SCVL as “a Buy”.
Price Performance Review of SCVL
On Tuesday, Shoe Carnival, Inc [NASDAQ:SCVL] saw its stock jump 3.22% to $36.22. Over the last five days, the stock has gained 1.49%. Shoe Carnival, Inc shares have risen nearly 19.89% since the year began. Nevertheless, the stocks have risen 23.66% over the past one year. While a 52-week high of $46.92 was reached on 09/20/24, a 52-week low of $24.94 was recorded on 01/19/24. SMA at 50 days reached $36.05, while 200 days put it at $37.27.
Levels Of Support And Resistance For SCVL Stock
The 24-hour chart illustrates a support level at 35.26, which if violated will result in even more drops to 34.29. On the upside, there is a resistance level at 36.92. A further resistance level may holdings at 37.61. The Relative Strength Index (RSI) on the 14-day chart is 54.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 11.56%. Stochastics %K at 65.15% indicates the stock is a holding.
How much short interest is there in Shoe Carnival, Inc?
A steep rise in short interest was recorded in Shoe Carnival, Inc stocks on 2024-10-31, growing by 0.31 million shares to a total of 2.94 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.63 million shares. There was a rise of 10.67%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on August 19, 2021 when Monness Crespi & Hardt began covering the stock and recommended ‘”a Buy”‘ rating along with a $42 price target.
