Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Bowlero Corp shares valued at $2,287 were purchased by Bass Robert J on Mar 11 ’24. At $12.85 per share, Bass Robert J acquired 178 shares. The insider’s holdings grew to 38,689 shares worth approximately $0.44 million following the completion of this transaction.
Also, Wilson Michelle D sold 42,733 shares, netting a total of over 539,658 in proceeds. Following the sale of shares at $12.63 each, the insider now holds 997,471 shares.
Before that, Wilson Michelle D had sold 87,267 shares from its account. In a trade valued at $1,123,728, the Director traded Bowlero Corp shares for $12.88 each. Upon closing the transaction, the insider’s holdings decreased to 87,267 shares, worth approximately $11.75 million.
As published in their initiating research note from B. Riley Securities on June 02, 2023, Bowlero Corp [BOWL] has been a Buy and the price target has been revised to $18. Analysts at Jefferies started covering the stock with ‘”a Buy”‘ outlook in a report released in mid April. As of March 28, 2023, Stifel has initiated its “Buy” rating for BOWL. Earlier on March 08, 2023, Canaccord Genuity initiated its rating. Their recommendation was “a Buy” for BOWL stock.
Analyzing BOWL Stock Performance
During the last five days, there has been a drop of approximately -5.04%. Over the course of the year, Bowlero Corp shares have dropped approximately -20.20%. Shares of the company reached a 52-week high of $15.47 on 02/12/24 and a 52-week low of $9.70 on 05/06/24. A 50-day SMA is recorded $12.64, while a 200-day SMA reached $11.73. Nevertheless, trading volume fell to 1.83 million shares from 5.18 million shares the previous day.
Support And Resistance Levels for Bowlero Corp (BOWL)
According to the 24-hour chart, there is a support level at 11.00, which, if violated, would cause prices to drop to 10.70. In the upper region, resistance lies at 11.62. The next price resistance is at 11.94. RSI (Relative Strength Index) is 39.20 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.42, which suggests the price will decrease in the coming days. Percent R is at 47.45%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
