Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Shoe Carnival, Inc shares valued at $9,681,305 were purchased by WEAVER DELORES B on Dec 06 ’24. At $33.91 per share, WEAVER DELORES B acquired 285,500 shares. The insider’s holdings grew to 4,173,529 shares worth approximately $91.11 million following the completion of this transaction.
Also, WEAVER WAYNE J purchased 285,500 shares, netting a total of over 9,681,305 in proceeds. Following the buying of shares at $33.91 each, the insider now holds 4,173,529 shares.
Before that, Guthrie Andrea R. had sold 702 shares from its account. In a trade valued at $24,977, the Director traded Shoe Carnival, Inc shares for $35.58 each. Upon closing the transaction, the insider’s holdings decreased to 702 shares, worth approximately $0.47 million.
As published in a research note from Monness Crespi & Hardt on March 19, 2024, Shoe Carnival, Inc [SCVL] has been rated down from a Buy to a Neutral. Analysts at Monness Crespi & Hardt resumed the stock at ‘”a Buy”‘ outlook in a report released in mid February. As of November 17, 2023, Monness Crespi & Hardt has reiterated its “Buy” rating for SCVL. Earlier on January 18, 2022, Seaport Research Partners initiated its rating. Their recommendation was “a Buy” for SCVL stock.
Analyzing SCVL Stock Performance
During the last five days, there has been a drop of approximately -3.49%. Over the course of the year, Shoe Carnival, Inc shares have dropped approximately -34.01%. Shares of the company reached a 52-week high of $34.26 on 01/02/25 and a 52-week low of $21.54 on 02/27/25. A 50-day SMA is recorded $28.99, while a 200-day SMA reached $36.03.
Support And Resistance Levels for Shoe Carnival, Inc (SCVL)
According to the 24-hour chart, there is a support level at 21.46, which, if violated, would cause prices to drop to 21.09. In the upper region, resistance lies at 22.28. The next price resistance is at 22.73. RSI (Relative Strength Index) is 22.31 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.43, which suggests the price will decrease in the coming days. Percent R is at 94.29%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
