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Checking in on VF Corp (VFC) after recent insiders movement

VF Corp’s filing revealed 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 $5.13 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 $4.9 million.

Argus upgraded its VF Corp [VFC] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Truist’s analysts, who began to cover the stock in early December with a ‘”a Hold”‘ rating. Telsey Advisory Group also remained covering VFC and reiterated its “Market perform” recommendation on October 29, 2024. Wells Fargo revised its rating on October 14, 2024. It rated VFC as “an Underweight” which previously was an “an Equal weight”.

Price Performance Review of VFC

On Friday, VF Corp [NYSE:VFC] saw its stock jump 2.81% to $22.28. Over the last five days, the stock has gained 5.69%. VF Corp shares have risen nearly 18.51% since the year began. Nevertheless, the stocks have risen 24.19% over the past one year. While a 52-week high of $23.49 was reached on 12/18/24, a 52-week low of $11.00 was recorded on 05/23/24. SMA at 50 days reached $20.25, while 200 days put it at $16.47.

Levels Of Support And Resistance For VFC Stock

The 24-hour chart illustrates a support level at 21.65, which if violated will result in even more drops to 21.02. On the upside, there is a resistance level at 22.65. A further resistance level may holdings at 23.03. The Relative Strength Index (RSI) on the 14-day chart is 61.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.70, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.51%. Stochastics %K at 56.60% 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 2024-11-29, dropping by -3.99 million shares to a total of 30.98 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 34.97 million shares. There was a decline of -12.88%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on October 11, 2024 when Goldman began covering the stock and recommended ‘”a Neutral”‘ rating along with a $20 price target.

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