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Recent Insider Activity Suggests Potential Gains for Petco Health and Wellness Co Inc (WOOF)

In a filing, Petco Health and Wellness Co Inc revealed its Former Officer Tichy Justin acquired Company’s shares for reported $57063.0 on Aug 22 ’24. In the deal valued at $2.75 per share,20,743 shares were bought.

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Then, Tichy Justin bought 38,611 shares, generating $100,390 in total proceeds.

Before that, Breitner Cameron bought 750,000 shares. Petco Health and Wellness Co Inc shares valued at $2,354,325 were divested by the Director at a price of $3.14 per share. As a result of the transaction, Breitner Cameron now holds 750,000 shares, worth roughly $2.14 million.

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 -2.73% to $2.85. Over the last five days, the stock has lost -10.66%. Petco Health and Wellness Co Inc shares have fallen nearly -9.81% since the year began. Nevertheless, the stocks have fallen -42.31% over the past one year. While a 52-week high of $5.07 was reached on 06/05/24, a 52-week low of $1.41 was recorded on 04/25/24. SMA at 50 days reached $3.08, while 200 days put it at $2.78.

Levels Of Support And Resistance For WOOF Stock

The 24-hour chart illustrates a support level at 2.78, which if violated will result in even more drops to 2.70. On the upside, there is a resistance level at 2.98. A further resistance level may holdings at 3.10. The Relative Strength Index (RSI) on the 14-day chart is 47.05, 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 low at 68.38%. Stochastics %K at 53.44% indicates the stock is a holding.

How much short interest is there in Petco Health and Wellness Co Inc?

A steep rise in short interest was recorded in Petco Health and Wellness Co Inc stocks on 2024-08-15, growing by 2.33 million shares to a total of 23.1 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 20.77 million shares. There was a rise of 10.07%, which implies that there is a positive sentiment for the stock.

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