Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Petco Health and Wellness Co Inc shares valued at $57,063 were purchased by Tichy Justin on Aug 22 ’24. At $2.75 per share, Tichy Justin acquired 20,743 shares.
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Also, Tichy Justin purchased 38,611 shares, netting a total of over 100,390 in proceeds.
Before that, Breitner Cameron had added 750,000 shares to its account. In a trade valued at $2,354,325, the Director bought Petco Health and Wellness Co Inc shares for $3.14 each. Upon closing the transaction, the insider’s holdings increased to 750,000 shares, worth approximately $3.52 million.
As published in a research note from Citigroup on July 19, 2024, Petco Health and Wellness Co Inc [WOOF] has been retained to a Neutral and the price target has been revised to $4. Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”an Underperform”‘ outlook in a report released in early April. As of December 19, 2023, Jefferies has initiated its “Hold” rating for WOOF. Earlier on November 30, 2023, Robert W. Baird downgraded its rating. Their new recommendation was “a Neutral” for WOOF stock which previously was a “an Outperform”.
Analyzing WOOF Stock Performance
During the last five days, there has been a drop of approximately -12.48%. Over the course of the year, Petco Health and Wellness Co Inc shares have jumped approximately 48.73%. Shares of the company reached a 52-week high of $5.94 on 10/09/24 and a 52-week low of $1.41 on 04/25/24. A 50-day SMA is recorded $3.84, while a 200-day SMA reached $2.97. Nevertheless, trading volume fell to 2.25 million shares from 2.82 million shares the previous day.
Support And Resistance Levels for Petco Health and Wellness Co Inc (WOOF)
According to the 24-hour chart, there is a support level at 4.60, which, if violated, would cause prices to drop to 4.49. In the upper region, resistance lies at 4.81. The next price resistance is at 4.91. RSI (Relative Strength Index) is 51.37 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.34, which suggests the price will decrease in the coming days. Percent R is at 77.50%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
