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Victoria’s Secret & Co (VSCO) receives a Neutral rating from JP Morgan

Victoria’s Secret & Co’s recent filing unveils that its Former Officer Gregory B. Unis acquired Company’s shares for reported $4.55 million on Dec 06 ’24. In the deal valued at $45.82 per share,99,248 shares were bought.

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Then, Unis Gregory bought 97,875 shares, generating $4,459,901 in total proceeds.

Before that, JAMES DONNA bought 1,000 shares. Victoria’s Secret & Co shares valued at $21,433 were divested by the Director at a price of $21.43 per share. As a result of the transaction, JAMES DONNA now holds 48,183 shares, worth roughly $2.27 million.

JP Morgan upgraded its Victoria’s Secret & Co [VSCO] rating to a Neutral from a an Underweight in a research note published on December 09, 2024; the price target was increased to $45 from $29. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in early December has reiterated a ‘”a Market perform”‘ rating for it. Wells Fargo also remained covering VSCO and has decreased its forecast on December 09, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating. Telsey Advisory Group maintained its rating on November 27, 2024. It rated VSCO as “a Market perform”.

Price Performance Review of VSCO

On Monday, Victoria’s Secret & Co [NYSE:VSCO] saw its stock fall -1.71% to $47.20. Over the last five days, the stock has gained 12.60%. Victoria’s Secret & Co shares have risen nearly 77.84% since the year began. Nevertheless, the stocks have risen 76.51% over the past one year. While a 52-week high of $48.70 was reached on 12/06/24, a 52-week low of $15.12 was recorded on 08/05/24. SMA at 50 days reached $32.49, while 200 days put it at $23.40.

Levels Of Support And Resistance For VSCO Stock

The 24-hour chart illustrates a support level at 45.86, which if violated will result in even more drops to 44.51. On the upside, there is a resistance level at 48.62. A further resistance level may holdings at 50.03. The Relative Strength Index (RSI) on the 14-day chart is 81.35, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.93, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.56%. Stochastics %K at 90.24% indicates the stock is a selling.

How much short interest is there in Victoria’s Secret & Co?

A steep rise in short interest was recorded in Victoria’s Secret & Co stocks on 2024-11-15, dropping by 96457.0 shares to a total of 8.8 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 8.9 million shares. There was a decline of -1.1%, which implies that there is a negative sentiment for the stock.

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