Levi Strauss & Co. (LEVI) Soars 3.08% on Bank of America Upgrade

Levi Strauss & Co. (LEVI) shares surged 3.08% today, marking the fourth consecutive day of gains, with a cumulative increase of 9.71% over the past four days. The stock price reached its highest level since February 2025, with an intraday gain of 7.84%.

The strategy of buying LEVI shares after they reached a recent high and holding for 1 week yielded moderate returns over the past 5 years, with a 4.61% annualized return and a 22.58% peak-to-trough gain. However, it underperformed the market by 2.84 percentage points and had a maximum drawdown of -15.78%, indicating it was not a robust strategy during market downturns.

Levi Strauss & Co. shares recently crossed above their 200-day moving average, reaching as high as $18.56. This technical movement suggests potential bullish sentiment among investors, as it indicates a shift in the stock's trend from bearish to bullish.

Bank of America upgraded Levi Strauss & Co. from a "neutral" rating to a "buy" rating and increased their price target from $17.00 to $20.00. This upgrade likely contributed to positive investor sentiment and an increase in stock price, as it reflects the analyst's confidence in the company's future performance.