Ralph Lauren Corp’s recent filing unveils that its President and CEO Louvet Patrice unloaded Company’s shares for reported $5.45 million on Dec 11 ’24. In the deal valued at $227.16 per share,24,000 shares were sold. As a result of this transaction, Louvet Patrice now holds 112,049 shares worth roughly $26.61 million.
Then, Louvet Patrice bought 24,000 shares, generating $5,460,480 in total proceeds.
Before that, Lauren David R. sold 37,615 shares. Ralph Lauren Corp shares valued at $8,318,353 were divested by the Vice Chair, Chief Innovation at a price of $221.14 per share. As a result of the transaction, Lauren David R. now holds 7,136 shares, worth roughly $1.7 million.
Argus upgraded its Ralph Lauren Corp [RL] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in early November has reiterated a ‘”an Outperform”‘ rating for it. Telsey Advisory Group also remained covering RL and reiterated its “an Outperform” recommendation on September 20, 2024. Jefferies started covering the stock on April 30, 2024. It rated RL as “a Buy”.
Price Performance Review of RL
On Tuesday, Ralph Lauren Corp [NYSE:RL] saw its stock jump 0.44% to $237.53. Over the last five days, the stock has lost -2.23%. Ralph Lauren Corp shares have risen nearly 2.84% since the year began. Nevertheless, the stocks have risen 66.65% over the past one year. While a 52-week high of $245.92 was reached on 01/07/25, a 52-week low of $134.90 was recorded on 01/13/25. SMA at 50 days reached $223.25, while 200 days put it at $188.42.
Levels Of Support And Resistance For RL Stock
The 24-hour chart illustrates a support level at 234.93, which if violated will result in even more drops to 232.32. On the upside, there is a resistance level at 240.65. A further resistance level may holdings at 243.77. The Relative Strength Index (RSI) on the 14-day chart is 59.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.89, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 39.70%. Stochastics %K at 62.35% indicates the stock is a holding.
How much short interest is there in Ralph Lauren Corp?
A steep rise in short interest was recorded in Ralph Lauren Corp stocks on 2024-12-31, dropping by -0.17 million shares to a total of 1.95 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 2.12 million shares. There was a decline of -8.59%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on February 09, 2024 when Telsey Advisory Group resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $195.
