ANF Stock Predictions: Insider Buying At Abercrombie & Fitch Is A Good Sign

Summary

  • The latest source of optimism comes from Form 4 insider trading reports recently released from the SEC.abercrombie-and-fitch-1-logo-primary
  • A change in leadership following CEO Mike Jeffries’ resignation heralds new hope for the struggling brand.
  • Implementation of new business strategies aiming to change the face of Abercrombie & Fitch.
  • I Know First’s algorithm is bullish on Abercrombie & Fitch.
The sweeping changes made both inside and outside the company points ANF stock in a positive direction which mirrors I Know First's most bullish algorithmic forecast.

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Abercrombie Stock Forecast Returns 23.21% in Less Than 30 Days

Abercrombie & Fitch (ANF)

Abercrombie & Fitch (ANF) was a top 10 stock pick recommended to I Know First subscribers on May 29th for the 1-month time horizon. Abercrombie had a signal of 1.63 and a predictability of 0.05. As predicted, ANF gained 23.21%. This preppy retailer is well positioned for successful summer and back to school shopping sessions. The company thrives in multiple areas, such as its solid cash flow, reasonable debt levels, and expanding profit margins. However, despite having a strong past month, the stock has drastically underperformed this past year when compared to the S&P 500.

Before making any trading decisions, consult the latest forecast as the algorithm constantly updates predictions daily. While the algorithm can be used for intra-day trading the predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.

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