Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Bath & Body Works Inc shares valued at $1,992,120 were sold by Nash Sarah E on Jun 18 ’24. At $41.50 per share, Nash Sarah E sold 48,000 shares. The insider’s holdings dropped to 149,202 shares worth approximately $4.68 million following the completion of this transaction.
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Also, Mazurek Thomas E. sold 4,285 shares, netting a total of over 209,515 in proceeds. Following the sale of shares at $48.89 each, the insider now holds 45,992 shares.
Before that, Rosen Julie had sold 12,361 shares from its account. In a trade valued at $566,476, the President, Retail traded Bath & Body Works Inc shares for $45.83 each. Upon closing the transaction, the insider’s holdings decreased to 12,361 shares, worth approximately $0.39 million.
As published in a research note from JP Morgan on May 17, 2024, Bath & Body Works Inc [BBWI] has been rated up from an Underweight to a Neutral and the price target has been revised to $53 from $40. Analysts at Telsey Advisory Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in early March. As of January 04, 2024, Barclays has decreased its “an Overweight” rating to a “an Equal weight” for BBWI. Earlier on November 17, 2023, Telsey Advisory Group resumed its rating. Their recommendation was “an Outperform” for BBWI stock.
Analyzing BBWI Stock Performance
During the last five days, there has been a surge of approximately 2.75%. Over the course of the year, Bath & Body Works Inc shares have dropped approximately -27.25%. Shares of the company reached a 52-week high of $52.99 on 06/03/24 and a 52-week low of $30.45 on 08/07/24. A 50-day SMA is recorded $38.13, while a 200-day SMA reached $41.50. Nevertheless, trading volume fell to 2.77 million shares from 3.11 million shares the previous day.
Support And Resistance Levels for Bath & Body Works Inc (BBWI)
According to the 24-hour chart, there is a support level at 30.98, which, if violated, would cause prices to drop to 30.57. In the upper region, resistance lies at 31.89. The next price resistance is at 32.39. RSI (Relative Strength Index) is 34.60 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.56, which suggests the price will decrease in the coming days. Percent R is at 86.84%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
