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Understanding the Risks of Investing in Petco Health and Wellness Co Inc (WOOF)

Petco Health and Wellness Co Inc’s recently made public that its Director Breitner Cameron acquired Company’s shares for reported $2.35 million on May 29 ’24. In the deal valued at $3.14 per share,750,000 shares were bought. As a result of this transaction, Breitner Cameron now holds 750,000 shares worth roughly $2.51 million.

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Then, BRIGGS GARY S bought 30,000 shares, generating $99,924 in total proceeds. Upon buying the shares at $3.33, the Director now owns 70,085 shares.

Citigroup reiterated its Petco Health and Wellness Co Inc [WOOF] rating to a Neutral in a research note published on July 19, 2024; the price target was $4. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early April from “a Buy” to “an Underperform”. Jefferies began covering WOOF with “Hold” recommendation on December 19, 2023. Robert W. Baird revised its rating on November 30, 2023. It rated WOOF as “a Neutral” which previously was an “an Outperform”.

Price Performance Review of WOOF

On Monday, Petco Health and Wellness Co Inc [NASDAQ:WOOF] saw its stock fall -5.37% to $3.35. Over the last five days, the stock has lost -1.18%. Petco Health and Wellness Co Inc shares have risen nearly 6.01% since the year began. Nevertheless, the stocks have fallen -58.49% over the past one year. While a 52-week high of $8.45 was reached on 06/05/24, a 52-week low of $1.41 was recorded on 04/25/24. SMA at 50 days reached $3.43, while 200 days put it at $2.88. A total of 2.91 million shares were traded, compared to the trading of 3.79 million shares in the previous session.

Levels Of Support And Resistance For WOOF Stock

The 24-hour chart illustrates a support level at 3.24, which if violated will result in even more drops to 3.14. On the upside, there is a resistance level at 3.52. A further resistance level may holdings at 3.70. The Relative Strength Index (RSI) on the 14-day chart is 48.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.01%. Stochastics%K at 32.51% indicates the stock is a holding.

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