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Analyzing Bath & Body Works Inc (BBWI) After Recent Trading Activity


In a filing, Bath & Body Works Inc revealed its Chief Supply Chain Officer Mazurek Thomas E. unloaded Company’s shares for reported $0.21 million on Mar 27 ’24. In the deal valued at $48.89 per share,4,285 shares were sold. As a result of this transaction, Mazurek Thomas E. now holds 45,992 shares worth roughly $2.13 million.

Then, Rosen Julie sold 12,361 shares, generating $566,476 in total proceeds. Upon selling the shares at $45.83, the President, Retail now owns 12,361 shares.

Telsey Advisory Group reiterated its Bath & Body Works Inc [BBWI] rating to an Outperform in a research note published on March 01, 2024; the price target was $53. A number of analysts have revised their coverage, including Barclays’s analysts, who decreased its forecast for the stock in early January from “an Overweight” to “an Equal weight”. Telsey Advisory Group also remained covering BBWI and reiterated its “an Outperform” recommendation on November 17, 2023. Jefferies revised its rating on October 26, 2023. It rated BBWI as “a Hold” which previously was an “a Buy”.

Price Performance Review of BBWI

On Monday, Bath & Body Works Inc [NYSE:BBWI] saw its stock jump 0.74% to $46.38. Over the last five days, the stock has gained 5.55%. Bath & Body Works Inc shares have risen nearly 7.46% since the year began. Nevertheless, the stocks have risen 33.39% over the past one year. While a 52-week high of $50.34 was reached on 04/01/24, a 52-week low of $27.30 was recorded on 01/25/24. SMA at 50 days reached $46.15, while 200 days put it at $39.07. A total of 2.66 million shares were traded, compared to the trading of 1.54 million shares in the previous session.

Levels Of Support And Resistance For BBWI Stock

The 24-hour chart illustrates a support level at 45.68, which if violated will result in even more drops to 44.97. On the upside, there is a resistance level at 47.05. A further resistance level may holdings at 47.71. The Relative Strength Index (RSI) on the 14-day chart is 54.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.09, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.75%. Stochastics %K at 74.47% indicates the stock is a holding.

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