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.
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 $5.47 million.
As published in a research note from Wells Fargo on January 10, 2025, Bath & Body Works Inc [BBWI] has been rated up from an Equal weight to an Overweight and the price target has been revised to $48 from $42. Analysts at Telsey Advisory Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in late November. As of November 08, 2024, Barclays has decreased its “an Equal weight” rating to a “an Underweight” for BBWI. Earlier on August 29, 2024, Telsey Advisory Group resumed its rating. Their recommendation was “an Outperform” for BBWI stock.
Analyzing BBWI Stock Performance
During the last five days, there has been a drop of approximately -0.78%. Over the course of the year, Bath & Body Works Inc shares have dropped approximately -5.39%. Shares of the company reached a 52-week high of $39.92 on 01/02/25 and a 52-week low of $35.51 on 01/13/25. A 50-day SMA is recorded $35.68, while a 200-day SMA reached $37.37. Nevertheless, trading volume fell to 3.64 million shares from 4.28 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 36.05, which, if violated, would cause prices to drop to 35.43. In the upper region, resistance lies at 37.13. The next price resistance is at 37.59. RSI (Relative Strength Index) is 47.34 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.60, which suggests the price will decrease in the coming days. Percent R is at 73.44%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
