Bath & Body Works Inc’s recent filing unveils that its Director Nash Sarah E unloaded Company’s shares for reported $1.99 million on Jun 18 ’24. In the deal valued at $41.50 per share,48,000 shares were sold. As a result of this transaction, Nash Sarah E now holds 149,202 shares worth roughly $5.74 million.
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Then, Mazurek Thomas E. sold 4,285 shares, generating $209,515 in total proceeds. Upon selling the shares at $48.89, the Chief Supply Chain Officer now owns 45,992 shares.
Before that, Rosen Julie sold 12,361 shares. Bath & Body Works Inc shares valued at $566,476 were divested by the President, Retail at a price of $45.83 per share. As a result of the transaction, Rosen Julie now holds 12,361 shares, worth roughly $0.48 million.
JP Morgan upgraded its Bath & Body Works Inc [BBWI] rating to a Neutral from a an Underweight in a research note published on May 17, 2024; the price target was increased to $53 from $40. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in early March has reiterated a ‘”an Outperform”‘ rating for it. Barclays also remained covering BBWI and has decreased its forecast on January 04, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating. Telsey Advisory Group maintained its rating on November 17, 2023. It rated BBWI as “an Outperform”.
Price Performance Review of BBWI
On Monday, Bath & Body Works Inc [NYSE:BBWI] saw its stock fall -1.56% to $38.44. Over the last five days, the stock has lost -7.37%. Bath & Body Works Inc shares have fallen nearly -10.94% since the year began. Nevertheless, the stocks have risen 1.59% over the past one year. While a 52-week high of $52.99 was reached on 06/03/24, a 52-week low of $27.30 was recorded on 07/01/24. SMA at 50 days reached $45.80, while 200 days put it at $41.04. A total of 2.54 million shares were traded, compared to the trading of 3.51 million shares in the previous session.
Levels Of Support And Resistance For BBWI Stock
The 24-hour chart illustrates a support level at 38.00, which if violated will result in even more drops to 37.57. On the upside, there is a resistance level at 39.07. A further resistance level may holdings at 39.71. The Relative Strength Index (RSI) on the 14-day chart is 25.46, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.76, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.92%. Stochastics%K at 6.05% indicates the stock is a buying.
