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. Gildan Activewear Inc shares valued at $753,300 were purchased by DeHaan Jason on Nov 05 ’24. At $50.22 per share, DeHaan Jason acquired 15,000 shares.
Also, DeHaan Jason purchased 19,105 shares, netting a total of over 805,849 in proceeds.
As published in a research note from UBS on January 10, 2025, Gildan Activewear Inc [GIL] has been rated up from a Neutral to a Buy and the price target has been revised to $60 from $50. Analysts at Stifel upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early August. As of January 05, 2024, UBS has decreased its “Buy” rating to a “Neutral” for GIL. Earlier on December 07, 2023, Edward Jones downgraded its rating. Their new recommendation was “a Hold” for GIL stock which previously was a “a Buy”.
Analyzing GIL Stock Performance
During the last five days, there has been a surge of approximately 3.40%. Over the course of the year, Gildan Activewear Inc shares have dropped approximately -9.42%. Shares of the company reached a 52-week high of $55.39 on 02/21/25 and a 52-week low of $37.16 on 04/09/25. A 50-day SMA is recorded $46.88, while a 200-day SMA reached $46.40.
Support And Resistance Levels for Gildan Activewear Inc (GIL)
According to the 24-hour chart, there is a support level at 42.21, which, if violated, would cause prices to drop to 41.79. In the upper region, resistance lies at 43.31. The next price resistance is at 43.99. RSI (Relative Strength Index) is 47.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.98, which suggests the price will decrease in the coming days. Percent R is at 29.46%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
