Abercrombie CEO sells 50,000 shares


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Bobby Raines 05/01/2014

Michael Jeffries, the CEO of retailer Abercrombie & Fitch ( ANF ) , sold 50,000 shares of the company's common stock on April 28. At $36.33 per share, Jeffries pulled in a total of $1,823,320 per share.

IK-> The technicals for ANF ($38.40 up $1.64) are bearish with a neutral trend. Recent support has been near $36.76 and recent resistance has been near $40.03. Standard & Poor's has a three STARs (out of five) rating on the stock. Look at the July 46/50 bear-call spread for a 35-cent credit. That's a 9.6% return and the stock has to rise 19.8% to cause a problem.  [InvestorsKeyhole, Various news and data services]

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Originally published on InvestorsObserver.com

This article appears in: Investing , Options

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