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. Abercrombie & Fitch Co shares valued at $459,200 were sold by Coulter Suzanne M on Dec 04 ’24. At $160.00 per share, Coulter Suzanne M sold 2,870 shares. The insider’s holdings dropped to 6,405 shares worth approximately $0.98 million following the completion of this transaction.
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Also, Coulter Suzanne M sold 6,800 shares, netting a total of over 1,100,254 in proceeds. Following the sale of shares at $161.80 each, the insider now holds 9,275 shares.
Before that, HENCHEL GREGORY J had sold 10,000 shares from its account. In a trade valued at $1,503,300, the SVP, Gen Cnsl & Secy traded Abercrombie & Fitch Co shares for $150.33 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $4.65 million.
As published in their initiating research note from Raymond James on December 06, 2024, Abercrombie & Fitch Co [ANF] has been an Outperform and the price target has been revised to $180. Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late August. As of August 29, 2024, Telsey Advisory Group has reiterated its “an Outperform” rating for ANF. Earlier on July 22, 2024, JP Morgan upgraded its rating. Their new recommendation was “an Overweight” for ANF stock which previously was a “a Neutral”.
Analyzing ANF Stock Performance
During the last five days, there has been a surge of approximately 11.45%. Over the course of the year, Abercrombie & Fitch Co shares have jumped approximately 73.71%. Shares of the company reached a 52-week high of $196.99 on 05/29/24 and a 52-week low of $86.91 on 01/02/24. A 50-day SMA is recorded $146.08, while a 200-day SMA reached $145.83. Nevertheless, trading volume fell to 1.63 million shares from 2.02 million shares the previous day.
Support And Resistance Levels for Abercrombie & Fitch Co (ANF)
According to the 24-hour chart, there is a support level at 148.56, which, if violated, would cause prices to drop to 143.87. In the upper region, resistance lies at 155.76. The next price resistance is at 158.27. RSI (Relative Strength Index) is 55.69 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.55, which suggests the price will increase in the coming days. Percent R is at 35.51%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
