Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Ralph Lauren Corp shares valued at $5,451,903 were sold by Louvet Patrice on Dec 11 ’24. At $227.16 per share, Louvet Patrice sold 24,000 shares. The insider’s holdings dropped to 112,049 shares worth approximately $28.06 million following the completion of this transaction.
Also, Louvet Patrice purchased 24,000 shares, netting a total of over 5,460,480 in proceeds.
Before that, Lauren David R. had sold 37,615 shares from its account. In a trade valued at $8,318,353, the Vice Chair, Chief Innovation traded Ralph Lauren Corp shares for $221.14 each. Upon closing the transaction, the insider’s holdings decreased to 37,615 shares, worth approximately $1.79 million.
As published in a research note from Argus on December 31, 2024, Ralph Lauren Corp [RL] has been rated up from a Hold to a Buy and the price target has been revised to $250. Analysts at Telsey Advisory Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in early November. As of September 20, 2024, Telsey Advisory Group has reiterated its “an Outperform” rating for RL. Earlier on April 30, 2024, Jefferies initiated its rating. Their recommendation was “a Buy” for RL stock.
Analyzing RL Stock Performance
During the last five days, there has been a surge of approximately 5.43%. Over the course of the year, Ralph Lauren Corp shares have jumped approximately 8.42%. Shares of the company reached a 52-week high of $250.95 on 01/22/25 and a 52-week low of $228.01 on 01/13/25. A 50-day SMA is recorded $227.38, while a 200-day SMA reached $190.02. Nevertheless, trading volume fell to 0.66 million shares from 0.93 million shares the previous day.
Support And Resistance Levels for Ralph Lauren Corp (RL)
According to the 24-hour chart, there is a support level at 247.78, which, if violated, would cause prices to drop to 245.15. In the upper region, resistance lies at 252.00. The next price resistance is at 253.59. RSI (Relative Strength Index) is 71.95 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.92, which suggests the price will increase in the coming days. Percent R is at 2.31%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
