The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Chefs’ Warehouse Inc shares valued at $195,400 were sold by Leddy James on Dec 12 ’24. At $48.85 per share, Leddy James sold 4,000 shares. The insider’s holdings dropped to 145,589 shares worth approximately $7.28 million following the completion of this transaction.
Also, Pappas Christopher sold 200,000 shares, netting a total of over 9,770,000 in proceeds. Following the sale of shares at $48.85 each, the insider now holds 2,206,312 shares.
Before that, Leddy James had added 4,000 shares to its account. In a trade valued at $195,283, the Officer bought Chefs’ Warehouse Inc shares for $48.82 each.
As published in their initiating research note from UBS on September 25, 2023, Chefs’ Warehouse Inc [CHEF] has been a Buy and the price target has been revised to $37. Analysts at Jefferies upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late December. As of December 17, 2021, The Benchmark Company has initiated its “Buy” rating for CHEF. Earlier on September 30, 2021, Wolfe Research initiated its rating. Their recommendation was “an Outperform” for CHEF stock.
Analyzing CHEF Stock Performance
During the last five days, there has been a surge of approximately 1.36%. Over the course of the year, Chefs’ Warehouse Inc shares have jumped approximately 1.36%. Shares of the company reached a 52-week high of $50.96 on 01/06/25 and a 52-week low of $49.31 on 01/02/25. A 50-day SMA is recorded $45.46, while a 200-day SMA reached $40.49. Nevertheless, trading volume fell to 0.27 million shares from 0.33 million shares the previous day.
Support And Resistance Levels for Chefs’ Warehouse Inc (CHEF)
According to the 24-hour chart, there is a support level at 49.31, which, if violated, would cause prices to drop to 48.62. In the upper region, resistance lies at 50.72. The next price resistance is at 51.44. RSI (Relative Strength Index) is 67.05 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.02, which suggests the price will increase in the coming days. Percent R is at 25.33%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
