American Eagle Outfitters (NYSE:AEO) has tumbled 2.84% during the past week and has dropped 5.81% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 1.67%. American Eagle Outfitters (NYSE:AEO) has underperformed the index by 6.67% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
American Eagle Outfitters (NYSE:AEO): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.98 and $14.90 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $15.30. The buying momentum continued till the end and the stock did not give up its gains. It closed at $15.07, notching a gain of 0.87% for the day. The total traded volume was 4,339,274 . The stock had closed at $14.94 on the previous day.
The company shares have dropped -13.93% from its 1 Year high price. On Aug 18, 2015, the shares registered one year high at $18.49 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $15.03 and the 200 Day Moving Average price is recorded at $15.23.
On the companys insider trading activities, The officer (Global Brand President-AE), of American Eagle Outfitters Inc, Kessler Charles F had unloaded 4,784 shares at $15.85 per share in a transaction on May 23, 2016. The total value of transaction was $75,826. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Jefferies maintains its outlook on American Eagle Outfitters (NYSE:AEO). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm raises the price target from $24 per share to $25 per share. The rating by the firm was issued on May 27, 2016. Currently the company Insiders own 5.8% of American Eagle Outfitters shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -55.46% . Institutional Investors own 98.28% of American Eagle Outfitters shares. During last six month period, the net percent change held by insiders has seen a change of -55.46%.
American Eagle Outfitters, Inc. is an apparel and accessories retailer. The Company offers clothing, accessories and personal care products. The Company operates under the American Eagle Outfitters and aerie by American Eagle Outfitters brands. The American Eagle Outfitters brand offers denims, pants, shorts, sweaters, fleece, outerwear, graphic t-shirts, footwear and accessories. The aerie brand is a collection of intimates and personal care products for women, such as bras and undies at the core, and offerings in sleep, swim and apparel. The Company offers its products online at ae.com and aerie.com and at various international store locations managed by third-party operators. The Company operates around 1,000 retail stores in the United States and internationally, 955 American Eagle Outfitters stores, 101 aerie stand-alone stores and 99 third-party operated stores. The Company has stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom.