Petco Health and Wellness Company Inc.’s recent filing unveils that its CEO & Chairman COUGHLIN RON acquired Company’s shares for reported $0.5 million on Mar 28. In the deal valued at $8.27 per share,61,040 shares were bought. As a result of this transaction, COUGHLIN RON now holds 618,317 shares worth roughly $ 3.19 million.
Then, Tichy Justin sold 6,500 shares, generating $64,025 in total proceeds. Upon selling the shares at $9.85, the insider now owns 341,254 shares.
RBC Capital Mkts reiterated its Petco Health and Wellness Company Inc. [WOOF] rating to an Outperform in a research note published on Friday, August 25, 2023; the price target was $7. PT values the company’s stock at a premium of 26.29 to its Friday closing price.
Price Performance Review of WOOF
On Friday, Petco Health and Wellness Company Inc. [NASDAQ:WOOF] saw its stock jump 1.38% to $5.16. On the same session, the stock had its day’s lowest price of $5.10, but rose to a high of $5.295. Over the last five days, the stock has lost -4.80%. Petco Health and Wellness Company Inc. shares have fallen nearly -45.57% since the year began. Nevertheless, the stocks have fallen -65.42% over the past one year. While a 52-week high of $15.85 was reached on 02/02/23, a 52-week low of $4.99 was recorded on 08/24/23. SMA at 50 days reached $7.69, while 200 days put it at $9.32. A total of 5.89 million shares were traded, compared to the trading of 5.9 million shares in the previous session.
Levels Of Support And Resistance For WOOF Stock
The 24-hour chart illustrates a support level at 5.07, which if violated will result in even more drops to 4.99. On the upside, there is a resistance level at 5.27. A further resistance level may holdings at 5.38. The Relative Strength Index (RSI) on the 14-day chart is 19.46, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.85, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.90%. Stochastics %K at 8.04% indicates the stock is a buying.
How much short interest is there in Petco Health and Wellness Company Inc.?
A steep rise in short interest was recorded in Petco Health and Wellness Company Inc. stocks on Aug 14, 2023, dropping by -2.87 million shares to a total of 14.1 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 16.97 million shares. There was a decline of -20.35%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 17.10% of the overall stock float, the days-to-cover ratio (short ratio) fell to 5.2.
Petco Health and Wellness Company Inc. [WOOF] – Who Are The Largest Shareholders?
In filings from Canada Pension Plan Investment Bo, it is revealed that the company now owns 59,765,368 shares, or roughly 26.07% of the outstanding WOOF shares. Additionally, Mackenzie Financial Corp. decreased -0.46% of its stake after which the total value it holdings stand at $66,715,083, while The Vanguard Group, Inc. added 1.26% of its stake to hold $60.23 million in the firm. Over the last quarter, Macquarie Investment Management B purchased 455,293 shares of Petco Health and Wellness Company Inc., while T. Rowe Price Investment Manageme bought 64,304 shares. At present, JPMorgan Investment Management, I is holding 4,028,388 shares valued at $32.87 million. Franklin Advisers, Inc. owned 3,472,808 shares of the company at the time of its most recent 13F filing, worth $28.34 million.
According to FactSet, Petco Health and Wellness Company Inc.’s share price will average $6.62 in the next year, based on opinions of analysts polled by the firm. This is up nearly 37.52 percent from its previous closing price of $5.09. Analysts expect Petco Health and Wellness Company Inc. stock to reach the higher price of $10.00, while the lowest price estimate is $4.00. However, 14 analysts have rated WOOF stock as an Overweight in their predictions for 2023.