Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Petco Health and Wellness Co Inc shares valued at $2,354,325 were purchased by Breitner Cameron on May 29 ’24. At $3.14 per share, Breitner Cameron acquired 750,000 shares. The insider’s holdings grew to 750,000 shares worth approximately $3.1 million following the completion of this transaction.
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Also, BRIGGS GARY S purchased 30,000 shares, netting a total of over 99,924 in proceeds. Following the buying of shares at $3.33 each, the insider now holds 70,085 shares.
As published in a research note from BofA Securities on April 02, 2024, Petco Health and Wellness Co Inc [WOOF] has been rated down from a Buy to an Underperform and the price target has been revised to $1.50 from $5. Analysts at Jefferies started covering the stock with ‘”a Hold”‘ outlook in a report released in mid December. As of November 30, 2023, Robert W. Baird has decreased its “an Outperform” rating to a “Neutral” for WOOF. Earlier on November 29, 2023, Wells Fargo downgraded its rating. Their new recommendation was “an Equal weight” for WOOF stock which previously was a “an Overweight”.
Analyzing WOOF Stock Performance
During the last five days, there has been a surge of approximately 31.95%. Over the course of the year, Petco Health and Wellness Co Inc shares have jumped approximately 30.70%. Shares of the company reached a 52-week high of $4.38 on 06/05/24 and a 52-week low of $1.41 on 04/25/24. A 50-day SMA is recorded $2.20, while a 200-day SMA reached $3.08. Nevertheless, trading volume fell to 5.64 million shares from 4.18 million shares the previous day.
Support And Resistance Levels for Petco Health and Wellness Co Inc (WOOF)
According to the 24-hour chart, there is a support level at 3.92, which, if violated, would cause prices to drop to 3.72. In the upper region, resistance lies at 4.36. The next price resistance is at 4.59. RSI (Relative Strength Index) is 74.09 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.78, which suggests the price will decrease in the coming days. Percent R is at 12.20%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
