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Bath & Body Works Inc (BBWI) receives an Underweight rating from Barclays

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In a filing, Bath & Body Works Inc revealed its Chief Executive Officer Boswell Gina acquired Company’s shares for reported $0.18 million on Oct 09 ’24. In the deal valued at $29.64 per share,6,000 shares were bought. As a result of this transaction, Boswell Gina now holds 242,987 shares worth roughly $7.64 million.

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Then, Nash Sarah E sold 48,000 shares, generating $1,992,120 in total proceeds. Upon selling the shares at $41.50, the Director now owns 149,202 shares.

Before that, Mazurek Thomas E. sold 4,285 shares. Bath & Body Works Inc shares valued at $209,515 were divested by the Chief Supply Chain Officer at a price of $48.89 per share. As a result of the transaction, Mazurek Thomas E. now holds 45,992 shares, worth roughly $1.45 million.

Barclays downgraded its Bath & Body Works Inc [BBWI] rating to an Underweight from a an Equal weight in a research note published on November 08, 2024; the price target was decreased to $28 from $31. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in late August has reiterated a ‘”an Outperform”‘ rating for it. JP Morgan also remained covering BBWI and has increased its forecast on May 17, 2024 with a “Neutral” recommendation from previously “an Underweight” rating. Telsey Advisory Group maintained its rating on March 01, 2024. It rated BBWI as “an Outperform”.

Price Performance Review of BBWI

On Monday, Bath & Body Works Inc [NYSE:BBWI] saw its stock fall -0.29% to $31.45. Over the last five days, the stock has lost -0.19%. Bath & Body Works Inc shares have fallen nearly -27.13% since the year began. Nevertheless, the stocks have risen 4.49% over the past one year. While a 52-week high of $52.99 was reached on 06/03/24, a 52-week low of $26.20 was recorded on 09/11/24. SMA at 50 days reached $30.26, while 200 days put it at $39.16.

Levels Of Support And Resistance For BBWI Stock

The 24-hour chart illustrates a support level at 30.88, which if violated will result in even more drops to 30.31. On the upside, there is a resistance level at 31.96. A further resistance level may holdings at 32.47. The Relative Strength Index (RSI) on the 14-day chart is 54.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.62, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 21.36%. Stochastics %K at 78.41% indicates the stock is a holding.

How much short interest is there in Bath & Body Works Inc?

A steep rise in short interest was recorded in Bath & Body Works Inc stocks on 2024-10-31, dropping by -0.55 million shares to a total of 9.44 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 9.99 million shares. There was a decline of -5.8%, which implies that there is a negative sentiment for the stock.

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