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. G-III Apparel Group Ltd shares valued at $3,159,000 were sold by GOLDFARB MORRIS on Sep 24 ’24. At $31.59 per share, GOLDFARB MORRIS sold 100,000 shares. The insider’s holdings dropped to 3,990,085 shares worth approximately $128.48 million following the completion of this transaction.
Also, GOLDFARB MORRIS sold 67,014 shares, netting a total of over 2,030,524 in proceeds. Following the sale of shares at $30.30 each, the insider now holds 3,923,071 shares.
Before that, MORRIS GOLDFARB & ARLENE GOLDF had added 67,014 shares to its account. In a trade valued at $2,030,189, the Officer bought G-III Apparel Group Ltd shares for $30.29 each.
As published in a research note from Telsey Advisory Group on December 11, 2024, G-III Apparel Group Ltd [GIII] has been retained to a Market perform and the price target has been revised to $38. Analysts at Guggenheim started covering the stock with ‘”a Buy”‘ outlook in a report released in early October. As of September 06, 2024, Telsey Advisory Group has reiterated its “Market perform” rating for GIII. Earlier on March 15, 2024, Telsey Advisory Group resumed its rating. Their recommendation was “a Market perform” for GIII stock.
Analyzing GIII Stock Performance
During the last five days, there has been a drop of approximately -1.29%. Over the course of the year, G-III Apparel Group Ltd shares have dropped approximately -1.29%. Shares of the company reached a 52-week high of $33.45 on 01/02/25 and a 52-week low of $31.28 on 01/08/25. A 50-day SMA is recorded $31.77, while a 200-day SMA reached $29.03. Nevertheless, trading volume fell to 0.27 million shares from 0.43 million shares the previous day.
Support And Resistance Levels for G-III Apparel Group Ltd (GIII)
According to the 24-hour chart, there is a support level at 31.53, which, if violated, would cause prices to drop to 30.87. In the upper region, resistance lies at 32.61. The next price resistance is at 33.03. RSI (Relative Strength Index) is 47.32 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.38, which suggests the price will decrease in the coming days. Percent R is at 79.23%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
