Bath & Body Works Inc’s recently made public 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 $4.55 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 $0.38 million.
Telsey Advisory Group reiterated its Bath & Body Works Inc [BBWI] rating to an Outperform in a research note published on August 29, 2024; the price target was $42. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in mid May from “an Underweight” to “a Neutral”. Telsey Advisory Group also remained covering BBWI and reiterated its “an Outperform” recommendation on March 01, 2024. Barclays revised its rating on January 04, 2024. It rated BBWI as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of BBWI
On Tuesday, Bath & Body Works Inc [NYSE:BBWI] saw its stock fall -0.88% to $30.49. Over the last five days, the stock has lost -13.28%. Bath & Body Works Inc shares have fallen nearly -29.36% since the year began. Nevertheless, the stocks have fallen -17.30% 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 08/30/24. SMA at 50 days reached $35.31, while 200 days put it at $41.68.
Levels Of Support And Resistance For BBWI Stock
The 24-hour chart illustrates a support level at 30.11, which if violated will result in even more drops to 29.72. On the upside, there is a resistance level at 31.19. A further resistance level may holdings at 31.88. The Relative Strength Index (RSI) on the 14-day chart is 36.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.89%. Stochastics %K at 8.13% indicates the stock is a buying.
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 2024-08-15, dropping by -0.43 million shares to a total of 8.83 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 9.26 million shares. There was a decline of -4.85%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on November 17, 2023 when Telsey Advisory Group resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $42.
