Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Childrens Place Inc shares valued at $36,001 were purchased by Markee Maegan on Sep 11 ’24. At $9.00 per share, Markee Maegan acquired 4,000 shares.
Also, Markee Maegan purchased 8,000 shares, netting a total of over 52,739 in proceeds.
Before that, Markee Maegan had added 10,000 shares to its account. In a trade valued at $72,396, the Former Officer bought Childrens Place Inc shares for $7.24 each.
As published in a research note from Telsey Advisory Group on May 07, 2024, Childrens Place Inc [PLCE] has been retained to a Market perform and the price target has been revised to $9. Analysts at B. Riley Securities upgraded the stock from ‘”a Sell”‘ to ‘”a Neutral”‘ outlook in a report released in late April. As of February 13, 2024, B. Riley Securities has decreased its “Neutral” rating to a “Sell” for PLCE. Earlier on February 09, 2024, Monness Crespi & Hardt downgraded its rating. Their new recommendation was “a Neutral” for PLCE stock which previously was a “a Buy”.
Analyzing PLCE Stock Performance
During the last five days, there has been a surge of approximately 1.29%. Over the course of the year, Childrens Place Inc shares have dropped approximately -47.51%. Shares of the company reached a 52-week high of $11.99 on 02/06/25 and a 52-week low of $5.17 on 04/21/25. A 50-day SMA is recorded $7.92, while a 200-day SMA reached $10.20.
Support And Resistance Levels for Childrens Place Inc (PLCE)
According to the 24-hour chart, there is a support level at 5.19, which, if violated, would cause prices to drop to 4.88. In the upper region, resistance lies at 6.09. The next price resistance is at 6.68. RSI (Relative Strength Index) is 35.13 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.71, which suggests the price will decrease in the coming days. Percent R is at 90.49%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
