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Chefs’ Warehouse Inc (CHEF) may enjoy gains as insiders got busy in the recent days

Chefs’ Warehouse Inc’s filing revealed that its General Counsel Aldous Alexandros unloaded Company’s shares for reported $0.23 million on Nov 22 ’24. In the deal valued at $45.00 per share,5,000 shares were sold. As a result of this transaction, Aldous Alexandros now holds 114,342 shares worth roughly $5.15 million.

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Then, Aldous Alexandros bought 5,000 shares, generating $225,000 in total proceeds.

Before that, Aldous Alexandros sold 10,000 shares. Chefs’ Warehouse Inc shares valued at $425,000 were divested by the General Counsel at a price of $42.50 per share. As a result of the transaction, Aldous Alexandros now holds 119,342 shares, worth roughly $5.37 million.

UBS initiated its Chefs’ Warehouse Inc [CHEF] rating to a Buy in a research note published on September 25, 2023; the price target was $37. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in late December from “a Hold” to “a Buy”. The Benchmark Company began covering CHEF with “Buy” recommendation on December 17, 2021. Wolfe Research started covering the stock on September 30, 2021. It rated CHEF as “an Outperform”.

Price Performance Review of CHEF

On Tuesday, Chefs’ Warehouse Inc [NASDAQ:CHEF] saw its stock jump 2.23% to $45.00. Over the last five days, the stock has gained 0.11%. Chefs’ Warehouse Inc shares have risen nearly 52.91% since the year began. Nevertheless, the stocks have risen 65.08% over the past one year. While a 52-week high of $45.53 was reached on 12/03/24, a 52-week low of $27.04 was recorded on 01/16/24. SMA at 50 days reached $41.50, while 200 days put it at $39.11.

Levels Of Support And Resistance For CHEF Stock

The 24-hour chart illustrates a support level at 44.07, which if violated will result in even more drops to 43.13. On the upside, there is a resistance level at 45.82. A further resistance level may holdings at 46.63. The Relative Strength Index (RSI) on the 14-day chart is 63.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.17, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.28%. Stochastics %K at 81.91% indicates the stock is a selling.

How much short interest is there in Chefs’ Warehouse Inc?

A steep rise in short interest was recorded in Chefs’ Warehouse Inc stocks on 2024-11-15, growing by 0.19 million shares to a total of 2.71 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 2.52 million shares. There was a rise of 7.1%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on April 05, 2021 when Lake Street began covering the stock and recommended ‘”a Buy”‘ rating along with a $38 price target.

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