Bath & Body Works Inc’s filing revealed 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 $5.31 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 $0.44 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 Friday, Bath & Body Works Inc [NYSE:BBWI] saw its stock jump 4.58% to $35.60. Over the last five days, the stock has gained 5.61%. Bath & Body Works Inc shares have fallen nearly -17.52% since the year began. Nevertheless, the stocks have fallen -1.79% 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 08/07/24. SMA at 50 days reached $36.52, while 200 days put it at $41.64.
Levels Of Support And Resistance For BBWI Stock
The 24-hour chart illustrates a support level at 34.63, which if violated will result in even more drops to 33.65. On the upside, there is a resistance level at 36.11. A further resistance level may holdings at 36.61. The Relative Strength Index (RSI) on the 14-day chart is 54.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.03, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.77%. Stochastics%K at 92.74% indicates the stock is a selling.
How much short interest is there in Bath & Body Works Inc?
A steep rise in short interest was recorded in Bath & Body Works Inc stocks on 2024-07-31, growing by 0.41 million shares to a total of 8.54 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 8.12 million shares. There was a rise of 4.86%, which implies that there is a positive sentiment for the stock.
