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Taking a Closer Look At Bowlero Corp (BOWL) Following Its Recent Trade

Bowlero Corp’s filing revealed that its Director Bass Robert J acquired Company’s shares for reported $1703.0 on Sep 09 ’24. In the deal valued at $12.16 per share,140 shares were bought. As a result of this transaction, Bass Robert J now holds 38,949 shares worth roughly $0.46 million.

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Then, Lavan Robert M. bought 122 shares, generating $1,500 in total proceeds. Upon buying the shares at $12.30, the Chief Financial Officer now owns 27,399 shares.

Before that, Wilson Michelle D sold 65,829 shares. Bowlero Corp shares valued at $849,438 were divested by the Director at a price of $12.90 per share. As a result of the transaction, Wilson Michelle D now holds 848,471 shares, worth roughly $10.01 million.

Piper Sandler initiated its Bowlero Corp [BOWL] rating to a Neutral in a research note published on October 28, 2024; the price target was $12. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who began to cover the stock in early June with a ‘”a Buy”‘ rating. Jefferies began covering BOWL with “Buy” recommendation on April 19, 2023. Stifel started covering the stock on March 28, 2023. It rated BOWL as “a Buy”.

Price Performance Review of BOWL

On Tuesday, Bowlero Corp [NYSE:BOWL] saw its stock fall -4.92% to $11.80. Over the last five days, the stock has lost -6.57%. Bowlero Corp shares have fallen nearly -16.67% since the year began. Nevertheless, the stocks have risen 9.36% over the past one year. While a 52-week high of $15.47 was reached on 02/12/24, a 52-week low of $9.70 was recorded on 05/06/24. SMA at 50 days reached $11.66, while 200 days put it at $12.29.

Levels Of Support And Resistance For BOWL Stock

The 24-hour chart illustrates a support level at 11.58, which if violated will result in even more drops to 11.36. On the upside, there is a resistance level at 12.23. A further resistance level may holdings at 12.65. The Relative Strength Index (RSI) on the 14-day chart is 49.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.95%. Stochastics %K at 66.27% indicates the stock is a holding.

How much short interest is there in Bowlero Corp?

A steep rise in short interest was recorded in Bowlero Corp stocks on 2024-11-15, dropping by -0.35 million shares to a total of 9.7 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 10.04 million shares. There was a decline of -3.57%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on March 08, 2023 when Canaccord Genuity began covering the stock and recommended ‘”a Buy”‘ rating along with a $22 price target.

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