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Bath & Body Works Inc (BBWI) Becoming More Attractive for Investors

Bath & Body Works Inc’s recently made public that its Former officer JULIE B ROSEN acquired Company’s shares for reported $1.67 million on Dec 10 ’24. In the deal valued at $39.03 per share,42,874 shares were bought.

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Then, Boswell Gina bought 6,000 shares, generating $177,852 in total proceeds. Upon buying the shares at $29.64, the Chief Executive Officer now owns 242,987 shares.

Before that, Nash Sarah E sold 48,000 shares. Bath & Body Works Inc shares valued at $1,992,120 were divested by the Director at a price of $41.50 per share. As a result of the transaction, Nash Sarah E now holds 149,202 shares, worth roughly $5.77 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 Tuesday, Bath & Body Works Inc [NYSE:BBWI] saw its stock jump 0.13% to $38.67. Over the last five days, the stock has gained 0.36%. Bath & Body Works Inc shares have fallen nearly -10.40% since the year began. Nevertheless, the stocks have fallen -6.23% 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 $32.82, while 200 days put it at $38.22.

Levels Of Support And Resistance For BBWI Stock

The 24-hour chart illustrates a support level at 38.18, which if violated will result in even more drops to 37.68. On the upside, there is a resistance level at 39.00. A further resistance level may holdings at 39.32. The Relative Strength Index (RSI) on the 14-day chart is 65.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.86, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.63%. Stochastics %K at 70.11% indicates the stock is a holding.

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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