The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Chefs’ Warehouse Inc shares valued at $425,000 were sold by Aldous Alexandros on Jul 08 ’24. At $42.50 per share, Aldous Alexandros sold 10,000 shares. The insider’s holdings dropped to 119,342 shares worth approximately $4.69 million following the completion of this transaction.
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Also, Aldous Alexandros sold 7,809 shares, netting a total of over 312,360 in proceeds. Following the sale of shares at $40.00 each, the insider now holds 129,342 shares.
Before that, Aldous Alexandros had sold 2,191 shares from its account. In a trade valued at $87,640, the General Counsel traded Chefs’ Warehouse Inc shares for $40.00 each. Upon closing the transaction, the insider’s holdings decreased to 2,191 shares, worth approximately $5.36 million.
As published in their initiating research note from UBS on September 25, 2023, Chefs’ Warehouse Inc [CHEF] has been a Buy and the price target has been revised to $37. Analysts at Jefferies upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late December. As of December 17, 2021, The Benchmark Company has initiated its “Buy” rating for CHEF. Earlier on September 30, 2021, Wolfe Research initiated its rating. Their recommendation was “an Outperform” for CHEF stock.
Analyzing CHEF Stock Performance
During the last five days, there has been a drop of approximately -1.18%. Over the course of the year, Chefs’ Warehouse Inc shares have jumped approximately 33.40%. Shares of the company reached a 52-week high of $44.58 on 07/29/24 and a 52-week low of $27.64 on 01/16/24. A 50-day SMA is recorded $40.64, while a 200-day SMA reached $37.96. Nevertheless, trading volume fell to 0.81 million shares from 0.33 million shares the previous day.
Support And Resistance Levels for Chefs’ Warehouse Inc (CHEF)
According to the 24-hour chart, there is a support level at 38.24, which, if violated, would cause prices to drop to 37.22. In the upper region, resistance lies at 40.69. The next price resistance is at 42.11. RSI (Relative Strength Index) is 43.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.00, which suggests the price will decrease in the coming days. Percent R is at 83.42%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
