Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Cheesecake Factory Inc shares valued at $12,573,890 were sold by OVERTON DAVID on Nov 08 ’24. At $46.65 per share, OVERTON DAVID sold 269,520 shares. The insider’s holdings dropped to 2,964,594 shares worth approximately $149.5 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, OVERTON DAVID purchased 269,520 shares, netting a total of over 12,546,156 in proceeds.
Before that, Carango Keith had sold 13,095 shares from its account. In a trade valued at $653,237, the PRESIDENT (SUBSIDIARY) traded Cheesecake Factory Inc shares for $49.88 each. Upon closing the transaction, the insider’s holdings decreased to 13,095 shares, worth approximately $0.76 million.
As published in their initiating research note from Goldman on December 05, 2024, Cheesecake Factory Inc [CAKE] has been a Buy and the price target has been revised to $56. Analysts at Stephens resumed the stock at ‘”an Overweight”‘ outlook in a report released in mid May. As of May 10, 2024, Citigroup has increased its “Neutral” rating to a “Buy” for CAKE. Earlier on May 09, 2024, Raymond James upgraded its rating. Their new recommendation was “an Outperform” for CAKE stock which previously was a “a Mkt perform”.
Analyzing CAKE Stock Performance
During the last five days, there has been a surge of approximately 1.39%. Over the course of the year, Cheesecake Factory Inc shares have jumped approximately 44.04%. Shares of the company reached a 52-week high of $52.10 on 12/05/24 and a 52-week low of $31.24 on 01/17/24. A 50-day SMA is recorded $44.67, while a 200-day SMA reached $39.06. Nevertheless, trading volume fell to 1.05 million shares from 1.0 million shares the previous day.
Support And Resistance Levels for Cheesecake Factory Inc (CAKE)
According to the 24-hour chart, there is a support level at 49.72, which, if violated, would cause prices to drop to 49.01. In the upper region, resistance lies at 51.62. The next price resistance is at 52.81. RSI (Relative Strength Index) is 64.27 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.97, which suggests the price will increase in the coming days. Percent R is at 26.30%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
