Cheesecake Factory Inc’s recent filing unveils that its CHAIRMAN AND C.E.O. OVERTON DAVID unloaded Company’s shares for reported $12.57 million on Nov 08 ’24. In the deal valued at $46.65 per share,269,520 shares were sold. As a result of this transaction, OVERTON DAVID now holds 2,964,594 shares worth roughly $142.33 million.
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Then, OVERTON DAVID bought 269,520 shares, generating $12,546,156 in total proceeds.
Before that, Carango Keith sold 13,095 shares. Cheesecake Factory Inc shares valued at $653,237 were divested by the PRESIDENT (SUBSIDIARY) at a price of $49.88 per share. As a result of the transaction, Carango Keith now holds 14,977 shares, worth roughly $0.72 million.
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 jump 2.28% to $48.01. Over the last five days, the stock has gained 2.74%. Cheesecake Factory Inc shares have risen nearly 37.13% since the year began. Nevertheless, the stocks have risen 56.13% over the past one year. While a 52-week high of $50.75 was reached on 11/06/24, a 52-week low of $30.46 was recorded on 01/17/24. SMA at 50 days reached $41.32, while 200 days put it at $37.95.
Levels Of Support And Resistance For CAKE Stock
The 24-hour chart illustrates a support level at 47.39, which if violated will result in even more drops to 46.76. On the upside, there is a resistance level at 48.54. A further resistance level may holdings at 49.06. The Relative Strength Index (RSI) on the 14-day chart is 65.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.54, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 27.31%. Stochastics %K at 64.28% 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 2024-10-31, growing by 0.62 million shares to a total of 6.21 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 5.59 million shares. There was a rise of 9.96%, which implies that there is a positive sentiment for the stock.
