Cheesecake Factory Inc.’s filing revealed that its PRESIDENT (SUBSIDIARY) Carango Keith unloaded Company’s shares for reported $0.15 million on May 14 ’24. In the deal valued at $40.10 per share,3,785 shares were sold. As a result of this transaction, Carango Keith now holds 28,072 shares worth roughly $1.12 million.
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Stephens reiterated its Cheesecake Factory Inc. [CAKE] rating to an Overweight in a research note published on May 15, 2024; the price target was $50. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in early May from “a Neutral” to “a Buy”. Raymond James also remained covering CAKE and has increased its forecast on May 09, 2024 with a “an Outperform” recommendation from previously “Mkt perform” rating.
Price Performance Review of CAKE
On Tuesday, Cheesecake Factory Inc. [NASDAQ:CAKE] saw its stock fall -1.43% to $39.95. Over the last five days, the stock has lost -2.48%. Cheesecake Factory Inc. shares have risen nearly 14.11% since the year began. Nevertheless, the stocks have risen 36.67% over the past one year. While a 52-week high of $42.82 was reached on 10/04/24, a 52-week low of $28.67 was recorded on 01/17/24. SMA at 50 days reached $38.34, while 200 days put it at $36.75.
Levels Of Support And Resistance For CAKE Stock
The 24-hour chart illustrates a support level at 39.68, which if violated will result in even more drops to 39.41. On the upside, there is a resistance level at 40.47. A further resistance level may holdings at 40.99. The Relative Strength Index (RSI) on the 14-day chart is 51.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.66, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.49%. Stochastics %K at 61.77% indicates the stock is a holding.
How much short interest is there in Cheesecake Factory Inc.?
A steep rise in short interest was recorded in Cheesecake Factory Inc. stocks on 2024-09-13, dropping by -0.14 million shares to a total of 5.79 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 5.93 million shares. There was a decline of -2.42%, which implies that there is a negative sentiment for the stock.
