Meanwhile, Jefferies initiated its Kenvue Inc [KVUE] rating to a Buy in a research note published on September 24, 2024; the price target was $27. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who decreased its forecast for the stock in late September from “an Outperform” to “a Sector perform”. Bernstein started covering the stock on April 11, 2024. It rated KVUE as “an Underperform”.
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Price Performance Review of KVUE
On Tuesday, Kenvue Inc [NYSE:KVUE] saw its stock jump 0.82% to $23.23. Over the last five days, the stock has gained 1.98%. Kenvue Inc shares have risen nearly 7.90% since the year began. Nevertheless, the stocks have risen 19.93% over the past one year. While a 52-week high of $23.55 was reached on 11/05/24, a 52-week low of $17.67 was recorded on 07/11/24. SMA at 50 days reached $22.57, while 200 days put it at $20.34.
Levels Of Support And Resistance For KVUE Stock
The 24-hour chart illustrates a support level at 22.91, which if violated will result in even more drops to 22.59. On the upside, there is a resistance level at 23.56. A further resistance level may holdings at 23.89. The Relative Strength Index (RSI) on the 14-day chart is 62.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 15.45%. Stochastics %K at 78.18% indicates the stock is a holding.
How much short interest is there in Kenvue Inc?
A steep rise in short interest was recorded in Kenvue Inc stocks on 2024-10-15, dropping by -10.09 million shares to a total of 31.09 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 41.18 million shares. There was a decline of -32.45%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 03, 2024 when William Blair began covering the stock and recommended ‘”a Mkt perform”‘ rating .
