In the meantime, Piper Sandler upgraded its Kenvue Inc [KVUE] rating to an Overweight from a a Neutral in a research note published on January 06, 2025; the price target was increased to $26 from $21. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who decreased its forecast for the stock in mid December from “a Buy” to “a Hold”. Jefferies began covering KVUE with “Buy” recommendation on September 24, 2024. RBC Capital Mkts revised its rating on September 24, 2024. It rated KVUE as “a Sector perform” which previously was an “an Outperform”.
Price Performance Review of KVUE
On Friday, Kenvue Inc [NYSE:KVUE] saw its stock jump 1.92% to $20.18. Over the last five days, the stock has lost -5.21%. Kenvue Inc shares have fallen nearly -5.48% since the year began. Nevertheless, the stocks have fallen -2.04% over the past one year. While a 52-week high of $24.46 was reached on 01/30/25, a 52-week low of $17.67 was recorded on 02/06/25. SMA at 50 days reached $21.77, while 200 days put it at $21.02.
Levels Of Support And Resistance For KVUE Stock
The 24-hour chart illustrates a support level at 19.94, which if violated will result in even more drops to 19.69. On the upside, there is a resistance level at 20.33. A further resistance level may holdings at 20.47. The Relative Strength Index (RSI) on the 14-day chart is 36.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.71%. Stochastics %K at 14.54% 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 2025-01-15, dropping by -5.64 million shares to a total of 33.42 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 39.06 million shares. There was a decline of -16.88%, which implies that there is a negative sentiment for the stock.
