Victoria’s Secret & Co. (VSCO) may enjoy gains as insiders got busy in the recent days


Victoria’s Secret & Co.’s filing revealed that its Former 10% Owner BBRC INTERNATIONAL PTE LTD unloaded Company’s shares for reported $11.03 million on Feb 02. In the deal valued at $46.21 per share,238,645 shares were sold. As a result of this transaction, BBRC INTERNATIONAL PTE LTD now holds 7,763,409 shares worth roughly $ 268.07 million.

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Then, BBRC INTERNATIONAL PTE LTD sold 116,750 shares, generating $5,381,358 in total proceeds. Upon selling the shares at $46.09, the Former 10% Owner now owns 8,002,054 shares.

Before that, BBRC INTERNATIONAL PTE LTD sold 109,968 shares. Victoria’s Secret & Co. shares valued at $5,067,325 were divested by the 10% Owner at a price of $46.08 per share. As a result of the transaction, BBRC INTERNATIONAL PTE LTD now holds 8,118,804 shares, worth roughly $280.34 million.

UBS downgraded its Victoria’s Secret & Co. [VSCO] rating to a Sell from a a Neutral in a research note published on Monday. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in early December from “an Overweight” to “a Neutral”. Cowen began covering VSCO with “Market perform” recommendation on August 01, 2022. Telsey Advisory Group maintained its rating on July 13, 2022. It rated VSCO as “a Market perform”.

Price Performance Review of VSCO

On Monday, Victoria’s Secret & Co. [NYSE:VSCO] saw its stock fall -3.49% to $34.53. On the same session, the stock had its day’s lowest price of $34.23, but rose to a high of $36.69. Over the last five days, the stock has lost -11.96%. Victoria’s Secret & Co. shares have fallen nearly -3.49% since the year began. Nevertheless, the stocks have fallen -37.55% over the past one year. While a 52-week high of $56.23 was reached on 02/02/23, a 52-week low of $26.14 was recorded on 01/05/23. SMA at 50 days reached $39.07, while 200 days put it at $37.42. A total of 2.79 million shares were traded, compared to the trading of 2.96 million shares in the previous session.

Levels Of Support And Resistance For VSCO Stock

The 24-hour chart illustrates a support level at 33.61, which if violated will result in even more drops to 32.69. On the upside, there is a resistance level at 36.07. A further resistance level may holdings at 37.61. The Relative Strength Index (RSI) on the 14-day chart is 29.06, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.46%. Stochastics %K at 5.14% indicates the stock is a buying.

How much short interest is there in Victoria’s Secret & Co.?

A steep rise in short interest was recorded in Victoria’s Secret & Co. stocks on Jan 30, 2023, growing by 0.25 million shares to a total of 5.37 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 5.12 million shares. There was a rise of 4.66%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 8.60% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.33.

Victoria’s Secret & Co. [VSCO] – Who Are The Largest Shareholders?

In filings from Fidelity Management & Research Co, it is revealed that the company now owns 11,342,805 shares, or roughly 14.03% of the outstanding VSCO shares. In other words, the investor’s shares have risen by 1,365,964 from its previous 13-F filing of 9976841.0. Additionally, The Vanguard Group, Inc. decreased -0.66% of its stake after which the total value it holdings stand at $295,066,312, while BlackRock Fund Advisors added 20.37% of its stake to hold $281.24 million in the firm. Over the last quarter, The WindAcre Partnership LLC sold -1,142,500 shares of Victoria’s Secret & Co., while Wellington Management Co. LLP sold -350,358 shares. At present, PRIMECAP Management Co. is holding 2,640,128 shares valued at $111.28 million. SSgA Funds Management, Inc. owned 2,375,544 shares of the company at the time of its most recent 13F filing, worth $100.13 million.

According to FactSet, Victoria’s Secret & Co.’s share price will average $46.09 in the next year, based on opinions of analysts polled by the firm. This is up nearly 25.77 percent from its previous closing price of $35.78. Analysts expect Victoria’s Secret & Co. stock to reach the higher price of $60.00, while the lowest price estimate is $27.00. The most recent change occurred on January 24, 2022 when UBS began covering the stock and recommended ‘”a Neutral”‘ rating along with a $59 price target.


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