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BofA Securities gives a Neutral recommendation for Five Below Inc (FIVE)

Five Below Inc’s recently made public that its Director Vellios Thomas unloaded Company’s shares for reported $1.86 million on Jan 19 ’24. In the deal valued at $185.82 per share,10,000 shares were sold. As a result of this transaction, Vellios Thomas now holds 333,697 shares worth roughly $35.42 million.

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Then, Anderson Joel D bought 3,100 shares, generating $500,650 in total proceeds. Upon buying the shares at $161.50, the President & CEO now owns 99,656 shares.

A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in early June has reiterated a ‘”an Outperform”‘ rating for it. Wells Fargo also remained covering FIVE and has increased its forecast on April 25, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating. JP Morgan revised its rating on April 23, 2024. It rated FIVE as “a Neutral” which previously was an “an Overweight”.

Price Performance Review of FIVE

On Tuesday, Five Below Inc [NASDAQ:FIVE] saw its stock fall -1.58% to $106.15. Over the last five days, the stock has lost -3.94%. Five Below Inc shares have fallen nearly -50.20% since the year began. Nevertheless, the stocks have fallen -45.99% over the past one year. While a 52-week high of $216.18 was reached on 01/02/24, a 52-week low of $106.21 was recorded on 07/02/24. SMA at 50 days reached $130.79, while 200 days put it at $169.73. A total of 1.62 million shares were traded, compared to the trading of 1.28 million shares in the previous session.

Levels Of Support And Resistance For FIVE Stock

The 24-hour chart illustrates a support level at 104.32, which if violated will result in even more drops to 102.48. On the upside, there is a resistance level at 108.47. A further resistance level may holdings at 110.78. The Relative Strength Index (RSI) on the 14-day chart is 27.54, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.34%. Stochastics%K at 7.20% indicates the stock is a buying.

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