The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Bath & Body Works Inc shares valued at $177,852 were purchased by Boswell Gina on Oct 09 ’24. At $29.64 per share, Boswell Gina acquired 6,000 shares. The insider’s holdings grew to 242,987 shares worth approximately $9.26 million following the completion of this transaction.
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Also, Nash Sarah E sold 48,000 shares, netting a total of over 1,992,120 in proceeds. Following the sale of shares at $41.50 each, the insider now holds 149,202 shares.
Before that, Mazurek Thomas E. had sold 4,285 shares from its account. In a trade valued at $209,515, the Chief Supply Chain Officer traded Bath & Body Works Inc shares for $48.89 each. Upon closing the transaction, the insider’s holdings decreased to 4,285 shares, worth approximately $1.75 million.
As published in a research note from Telsey Advisory Group on November 26, 2024, Bath & Body Works Inc [BBWI] has been retained to an Outperform and the price target has been revised to $43. Analysts at Barclays downgraded the stock from ‘”an Equal weight”‘ to ‘”an Underweight”‘ outlook in a report released in early November. As of August 29, 2024, Telsey Advisory Group has reiterated its “an Outperform” rating for BBWI. Earlier on May 17, 2024, JP Morgan upgraded its rating. Their new recommendation was “a Neutral” for BBWI stock which previously was a “an Underweight”.
Analyzing BBWI Stock Performance
During the last five days, there has been a surge of approximately 8.15%. Over the course of the year, Bath & Body Works Inc shares have dropped approximately -11.72%. Shares of the company reached a 52-week high of $52.99 on 06/03/24 and a 52-week low of $26.20 on 09/11/24. A 50-day SMA is recorded $31.51, while a 200-day SMA reached $38.60. Nevertheless, trading volume fell to 4.86 million shares from 48915.0 shares the previous day.
Support And Resistance Levels for Bath & Body Works Inc (BBWI)
According to the 24-hour chart, there is a support level at 37.00, which, if violated, would cause prices to drop to 35.91. In the upper region, resistance lies at 38.67. The next price resistance is at 39.25. RSI (Relative Strength Index) is 73.53 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.76, which suggests the price will increase in the coming days. Percent R is at 0.60%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
