Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Bath & Body Works Inc shares valued at $177,852 were purchased by Boswell Gina on Oct 09 ’24. At $29.64 per share, Boswell Gina acquired 6,000 shares. The insider’s holdings grew to 242,987 shares worth approximately $6.9 million following the completion of this transaction.
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Also, Nash Sarah E sold 48,000 shares, netting a total of over 1,992,120 in proceeds. Following the sale of shares at $41.50 each, the insider now holds 149,202 shares.
Before that, Mazurek Thomas E. had sold 4,285 shares from its account. In a trade valued at $209,515, the Chief Supply Chain Officer traded Bath & Body Works Inc shares for $48.89 each. Upon closing the transaction, the insider’s holdings decreased to 4,285 shares, worth approximately $1.31 million.
As published in a research note from Telsey Advisory Group on August 29, 2024, Bath & Body Works Inc [BBWI] has been retained to an Outperform and the price target has been revised to $42. Analysts at JP Morgan upgraded the stock from ‘”an Underweight”‘ to ‘”a Neutral”‘ outlook in a report released in mid May. As of March 01, 2024, Telsey Advisory Group has reiterated its “an Outperform” rating for BBWI. Earlier on January 04, 2024, Barclays downgraded its rating. Their new recommendation was “an Equal weight” for BBWI stock which previously was a “an Overweight”.
Analyzing BBWI Stock Performance
During the last five days, there has been a drop of approximately -5.24%. Over the course of the year, Bath & Body Works Inc shares have dropped approximately -34.24%. Shares of the company reached a 52-week high of $52.99 on 06/03/24 and a 52-week low of $26.20 on 09/11/24. A 50-day SMA is recorded $30.36, while a 200-day SMA reached $39.84. Nevertheless, trading volume fell to 3.9 million shares from 2.91 million shares the previous day.
Support And Resistance Levels for Bath & Body Works Inc (BBWI)
According to the 24-hour chart, there is a support level at 27.97, which, if violated, would cause prices to drop to 27.56. In the upper region, resistance lies at 28.81. The next price resistance is at 29.24. RSI (Relative Strength Index) is 37.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.62, which suggests the price will decrease in the coming days. Percent R is at 91.82%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
