Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Bath & Body Works Inc shares valued at $209,515 were sold by Mazurek Thomas E. on Mar 27 ’24. At $48.89 per share, Mazurek Thomas E. sold 4,285 shares. The insider’s holdings dropped to 45,992 shares worth approximately $2.02 million following the completion of this transaction.
Also, Rosen Julie sold 12,361 shares, netting a total of over 566,476 in proceeds. Following the sale of shares at $45.83 each, the insider now holds 12,361 shares.
As published in a research note from Telsey Advisory Group on March 01, 2024, Bath & Body Works Inc [BBWI] has been retained to an Outperform and the price target has been revised to $53. Analysts at Barclays downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in early January. As of November 17, 2023, Telsey Advisory Group has reiterated its “an Outperform” rating for BBWI. Earlier on October 26, 2023, Jefferies downgraded its rating. Their new recommendation was “a Hold” for BBWI stock which previously was a “a Buy”.
Analyzing BBWI Stock Performance
During the last five days, there has been a drop of approximately -5.11%. Over the course of the year, Bath & Body Works Inc shares have jumped approximately 1.62%. Shares of the company reached a 52-week high of $50.34 on 04/01/24 and a 52-week low of $40.91 on 01/25/24. A 50-day SMA is recorded $46.03, while a 200-day SMA reached $38.79. Nevertheless, trading volume fell to 2.55 million shares from 1.96 million shares the previous day.
Support And Resistance Levels for Bath & Body Works Inc (BBWI)
According to the 24-hour chart, there is a support level at 43.28, which, if violated, would cause prices to drop to 42.70. In the upper region, resistance lies at 44.37. The next price resistance is at 44.88. RSI (Relative Strength Index) is 40.93 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.18, which suggests the price will decrease in the coming days. Percent R is at 88.40%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
