Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Bath & Body Works Inc shares valued at $1,673,218 were purchased by JULIE B ROSEN on Dec 10 ’24. At $39.03 per share, JULIE B ROSEN acquired 42,874 shares.
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Also, Boswell Gina purchased 6,000 shares, netting a total of over 177,852 in proceeds. Following the buying of shares at $29.64 each, the insider now holds 242,987 shares.
Before that, Nash Sarah E had sold 48,000 shares from its account. In a trade valued at $1,992,120, the Director traded Bath & Body Works Inc shares for $41.50 each. Upon closing the transaction, the insider’s holdings decreased to 48,000 shares, worth approximately $5.83 million.
As published in a research note from Telsey Advisory Group on November 26, 2024, Bath & Body Works Inc [BBWI] has been retained to an Outperform and the price target has been revised to $43. Analysts at Barclays downgraded the stock from ‘”an Equal weight”‘ to ‘”an Underweight”‘ outlook in a report released in early November. As of August 29, 2024, Telsey Advisory Group has reiterated its “an Outperform” rating for BBWI. Earlier on May 17, 2024, JP Morgan upgraded its rating. Their new recommendation was “a Neutral” for BBWI stock which previously was a “an Underweight”.
Analyzing BBWI Stock Performance
During the last five days, there has been a surge of approximately 1.09%. Over the course of the year, Bath & Body Works Inc shares have dropped approximately -9.43%. Shares of the company reached a 52-week high of $52.99 on 06/03/24 and a 52-week low of $26.20 on 09/11/24. A 50-day SMA is recorded $33.65, while a 200-day SMA reached $38.07. Nevertheless, trading volume fell to 0.98 million shares from 2.81 million shares the previous day.
Support And Resistance Levels for Bath & Body Works Inc (BBWI)
According to the 24-hour chart, there is a support level at 38.71, which, if violated, would cause prices to drop to 38.34. In the upper region, resistance lies at 39.34. The next price resistance is at 39.60. RSI (Relative Strength Index) is 65.53 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.78, which suggests the price will decrease in the coming days. Percent R is at 29.44%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
