The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Chefs’ Warehouse Inc shares valued at $180,240 were sold by McCauley Tim on Dec 27 ’23. At $30.04 per share, McCauley Tim sold 6,000 shares. The insider’s holdings dropped to 57,242 shares worth approximately $1.95 million following the completion of this transaction.
Also, McCauley Tim sold 6,000 shares, netting a total of over 151,380 in proceeds. Following the sale of shares at $25.23 each, the insider now holds 63,242 shares.
Before that, OLIVER KATHERINE had added 855 shares to its account. In a trade valued at $20,110, the Director bought Chefs’ Warehouse Inc shares for $23.52 each. Upon closing the transaction, the insider’s holdings increased to 855 shares, worth approximately $1.28 million.
As published in their initiating research note from UBS on September 25, 2023, Chefs’ Warehouse Inc [CHEF] has been a Buy and the price target has been revised to $37. Analysts at Jefferies upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late December. As of December 17, 2021, The Benchmark Company has initiated its “Buy” rating for CHEF. Earlier on September 30, 2021, Wolfe Research initiated its rating. Their recommendation was “an Outperform” for CHEF stock.
Analyzing CHEF Stock Performance
During the last five days, there has been a drop of approximately -10.01%. Over the course of the year, Chefs’ Warehouse Inc shares have jumped approximately 16.04%. Shares of the company reached a 52-week high of $39.00 on 03/05/24 and a 52-week low of $27.64 on 01/16/24. A 50-day SMA is recorded $35.68, while a 200-day SMA reached $29.93. Nevertheless, trading volume fell to 0.56 million shares from 0.2 million shares the previous day.
Support And Resistance Levels for Chefs’ Warehouse Inc (CHEF)
According to the 24-hour chart, there is a support level at 33.54, which, if violated, would cause prices to drop to 32.92. In the upper region, resistance lies at 35.34. The next price resistance is at 36.52. RSI (Relative Strength Index) is 36.70 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.45, which suggests the price will decrease in the coming days. Percent R is at 99.12%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Chefs’ Warehouse Inc subject to short interest?
Stocks of Chefs’ Warehouse Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.21 million shares to 3.65 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 3.44 million shares. A jump of 5.75% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 8.62 of the overall float, the days-to-cover ratio (short ratio) jumped to 8.62.
