A company insider recently sold 100,000 shares of Chico’s FAS Inc. [CHS]. Should You Sale?

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Chico’s FAS Inc. shares valued at $557,000 were sold by Brooks Bonnie R. on Jun 21. At $5.57 per share, Brooks Bonnie R. sold 100,000 shares. The insider’s holdings dropped to 1,185,277 shares worth approximately $6.83 million following the completion of this transaction.


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Also, Brooks Bonnie R. sold 100,000 shares, netting a total of over 512,000 in proceeds. Following the sale of shares at $5.12 each, the insider now holds 1,285,277 shares.

Before that, Brooks Bonnie R. had sold 200,000 shares from its account. In a trade valued at $856,000, the Executive Chair of the Board traded Chico’s FAS Inc. shares for $4.28 each. Upon closing the transaction, the insider’s holdings decreased to 200,000 shares, worth approximately $8.19 million.

As published in a research note from B. Riley Securities on November 17, 2020, Chico’s FAS Inc. [CHS] has been rated down from a Buy to a Neutral and the price target has been revised to $1.50. This represents a -284.0% premium over Thursday’s closing price. Analysts at Telsey Advisory Group resumed the stock at ‘”a Market perform”‘ outlook in a report released in late November. As of August 29, 2019, Telsey Advisory Group has reiterated its “Market perform” rating for CHS. Earlier on June 12, 2019, Telsey Advisory Group resumed its rating. Their recommendation was “a Market perform” for CHS stock.

Analyzing CHS’s Price Performance

On Thursday, Chico’s FAS Inc. [NYSE: CHS] rose 3.97% to $5.76. The stock’s lowest price that day was $5.525, but it reached a high of $5.785 in the same session. During the last five days, there has been a surge of approximately 15.66%. Over the course of the year, Chico’s FAS Inc. shares have jumped approximately 7.06%. Shares of the company reached a 52-week high of $5.93 on 06/21/22 and a 52-week low of $3.80 on 05/24/22. A 50-day SMA is recorded $5.18, while a 200-day SMA reached $5.10. Nevertheless, trading volume fell to 2.65 million shares from 1.83 million shares the previous day.

Support And Resistance Levels for Chico’s FAS Inc. (CHS)

According to the 24-hour chart, there is a support level at 5.60, which, if violated, would cause prices to drop to 5.43. In the upper region, resistance lies at 5.86. The next price resistance is at 5.95. RSI (Relative Strength Index) is 61.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.19, which suggests the price will decrease in the coming days. Percent R is at 2.73%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

Is Chico’s FAS Inc. subject to short interest?

Stocks of Chico’s FAS Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -1.06 million shares to 10.1 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 11.16 million shares. A decline of -10.5% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.13 of the overall float, the days-to-cover ratio (short ratio) decline to 4.13.

Which companies own the most shares of Chico’s FAS Inc. (CHS)?

According to BlackRock Fund Advisors filings, the company currently owns 18,429,515 shares, which is about 14.73% of the total CHS shares outstanding. The investor’s shares have appreciated by 21,935 from its previous 13-F filing of 18407580.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $39,732,382. Renaissance Technologies LLC reduced a -4.82% interest valued at $30.4 million while Marshall Wace LLP purchased a 3,729,294 stake. A total of -174,165 shares of Chico’s FAS Inc. were bought by SSgA Funds Management, Inc. during the quarter, and 584,658 were bought by Neuberger Berman Investment Advis. In its current portfolio, Global Alpha Capital Management L holds 3,960,300 shares valued at $19.68 million.

In terms of Chico’s FAS Inc. share price expectations, FactSet research, analysts set an average price target of $5.50 in the next 12 months, down nearly -0.72% from the previous closing price of $5.54. Analysts anticipate Chico’s FAS Inc. stock to reach $6.00 by 2022, with the lowest price target being $5.00. In spite of this, 2 analysts ranked Chico’s FAS Inc. stock as a Hold at the end of 2022. On November 29, 2018, BofA/Merrill assigned a price target of “an Underperform” to the stock and reiterated coverage with a $4.

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