Sunday, June 26, 2022

The Potential Rise in the Price of Bowlero Corp. (BOWL) following insiders activity

In a filing, Bowlero Corp. revealed its Director Young John Alan acquired Company’s shares for reported $45530.0 on Jun 13. In the deal valued at $9.11 per share,5,000 shares were bought. As a result of this transaction, Young John Alan now holds 28,500 shares worth roughly $ 0.3 million.

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Then, Young John Alan bought 1,000 shares, generating $9,250 in total proceeds. Upon buying the shares at $9.25, the Director now owns 2,500 shares.

Before that, Young John Alan bought 1,500 shares. Bowlero Corp. shares valued at $14,500 were divested by the Director at a price of $9.67 per share. As a result of the transaction, Young John Alan now holds 1,500 shares, worth roughly $15855.0.

Price Performance Review of BOWL

On Tuesday, Bowlero Corp. [NYSE:BOWL] saw its stock jump 2.82% to $10.57. On the same session, the stock had its day’s lowest price of $10.4956, but rose to a high of $11.00. Over the last five days, the stock has gained 19.30%. Bowlero Corp. shares have risen nearly 17.18% since the year began. Nevertheless, the stocks have risen 9.08% over the past one year. While a 52-week high of $13.09 was reached on 04/21/22, a 52-week low of $6.96 was recorded on 02/04/22. SMA at 50 days reached $10.63, while 200 days put it at $9.90. A total of 1.3 million shares were traded, compared to the trading of 1.22 million shares in the previous session.

Levels Of Support And Resistance For BOWL Stock

The 24-hour chart illustrates a support level at 10.38, which if violated will result in even more drops to 10.18. On the upside, there is a resistance level at 10.88. A further resistance level may holdings at 11.19. The Relative Strength Index (RSI) on the 14-day chart is 52.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 38.61%. Stochastics %K at 55.01% indicates the stock is a holding.

How much short interest is there in Bowlero Corp.?

A steep rise in short interest was recorded in Bowlero Corp. stocks on Apr 28, 2022, dropping by -1.4 million shares to a total of 2.25 million shares. Yahoo Finance data shows the prior-month short interest on Mar 30, 2022 was 3.65 million shares. There was a decline of -62.22%, which implies that there is a negative sentiment for the stock.

Bowlero Corp. [BOWL] – Who Are The Largest Shareholders?

In filings from Atairos Management LP, it is revealed that the company now owns 63,467,788 shares, or roughly 57.08% of the outstanding BOWL shares. In other words, the investor’s shares have risen by 42,000 from its previous 13-F filing of 63425788.0. Additionally, Soros Fund Management LLC decreased 0.00% of its stake after which the total value it holdings stand at $105,092,000, while Telemark Asset Management LLC added 12.86% of its stake to hold $32.42 million in the firm. Over the last quarter, Alta Fundamental Advisers LLC purchased 293,174 shares of Bowlero Corp., while The Vanguard Group, Inc. bought 2,476,678 shares. At present, Senator Investment Group LP is holding 2,250,000 shares valued at $25.16 million. ArrowMark Colorado Holdings LLC owned 1,569,758 shares of the company at the time of its most recent 13F filing, worth $17.55 million.

According to FactSet, Bowlero Corp.’s share price will average $14.67 in the next year, based on opinions of analysts polled by the firm. This is up nearly 36.19 percent from its previous closing price of $10.28. Analysts expect Bowlero Corp. stock to reach the higher price of $16.00, while the lowest price estimate is $14.00. However, 3 analysts have rated BOWL stock as a Buy in their predictions for 2022.

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