In the meantime, Deutsche Bank downgraded its Kenvue Inc [KVUE] rating to a Hold from a a Buy in a research note published on December 12, 2024; the price target was decreased to $24 from $25. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in late September with a ‘”a Buy”‘ rating. RBC Capital Mkts also remained covering KVUE and has decreased its forecast on September 24, 2024 with a “Sector perform” recommendation from previously “an Outperform” rating.
Price Performance Review of KVUE
On Friday, Kenvue Inc [NYSE:KVUE] saw its stock fall -0.49% to $22.21. Over the last five days, the stock has lost -2.76%. Kenvue Inc shares have risen nearly 3.16% since the year began. Nevertheless, the stocks have risen 5.56% over the past one year. While a 52-week high of $24.46 was reached on 11/26/24, a 52-week low of $17.67 was recorded on 07/11/24. SMA at 50 days reached $22.91, while 200 days put it at $20.82.
Levels Of Support And Resistance For KVUE Stock
The 24-hour chart illustrates a support level at 22.00, which if violated will result in even more drops to 21.78. On the upside, there is a resistance level at 22.37. A further resistance level may holdings at 22.52. The Relative Strength Index (RSI) on the 14-day chart is 33.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.46%. Stochastics %K at 13.04% indicates the stock is a buying.
How much short interest is there in Kenvue Inc?
A steep rise in short interest was recorded in Kenvue Inc stocks on 2024-11-29, growing by 3.91 million shares to a total of 42.41 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 38.5 million shares. There was a rise of 9.21%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 11, 2024 when Bernstein began covering the stock and recommended ‘”an Underperform”‘ rating along with a $18 price target.
