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Telsey Advisory Group analysts reiterates an Outperform rating for Bath & Body Works Inc (BBWI)

Bath & Body Works Inc’s recently made public that 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 $8.89 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 $1.68 million.

Telsey Advisory Group reiterated its Bath & Body Works Inc [BBWI] rating to an Outperform in a research note published on November 26, 2024; the price target was $43. A number of analysts have revised their coverage, including Barclays’s analysts, who decreased its forecast for the stock in early November from “an Equal weight” to “an Underweight”. Telsey Advisory Group also remained covering BBWI and reiterated its “an Outperform” recommendation on August 29, 2024. JP Morgan revised its rating on May 17, 2024. It rated BBWI as “a Neutral” which previously was an “an Underweight”.

Price Performance Review of BBWI

On Friday, Bath & Body Works Inc [NYSE:BBWI] saw its stock fall -0.49% to $36.60. Over the last five days, the stock has gained 0.99%. Bath & Body Works Inc shares have fallen nearly -15.20% since the year began. Nevertheless, the stocks have fallen -1.05% 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 $31.74, while 200 days put it at $38.51.

Levels Of Support And Resistance For BBWI Stock

The 24-hour chart illustrates a support level at 36.11, which if violated will result in even more drops to 35.61. On the upside, there is a resistance level at 37.42. A further resistance level may holdings at 38.23. The Relative Strength Index (RSI) on the 14-day chart is 64.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.67, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.04%. Stochastics %K at 86.47% indicates the stock is a selling.

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.

The most recent change occurred on March 01, 2024 when Telsey Advisory Group resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $53.

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