In a filing, Cheesecake Factory Inc revealed its CHAIRMAN AND C.E.O. OVERTON DAVID unloaded Company’s shares for reported $12.57 million on Nov 08 ’24. In the deal valued at $46.65 per share,269,520 shares were sold. As a result of this transaction, OVERTON DAVID now holds 2,964,594 shares worth roughly $163.26 million.
Then, OVERTON DAVID bought 269,520 shares, generating $12,546,156 in total proceeds.
Before that, Carango Keith sold 13,095 shares. Cheesecake Factory Inc shares valued at $653,237 were divested by the PRESIDENT (SUBSIDIARY) at a price of $49.88 per share. As a result of the transaction, Carango Keith now holds 14,977 shares, worth roughly $0.82 million.
Oppenheimer upgraded its Cheesecake Factory Inc [CAKE] rating to an Outperform from a a Perform in a research note published recently. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in early December with a ‘”a Buy”‘ rating. Stephens also remained covering CAKE and reiterated its “an Overweight” recommendation on May 15, 2024. Citigroup revised its rating on May 10, 2024. It rated CAKE as “a Buy” which previously was an “a Neutral”.
Price Performance Review of CAKE
On Friday, Cheesecake Factory Inc [NASDAQ:CAKE] saw its stock jump 0.77% to $55.07. Over the last five days, the stock has gained 3.24%. Cheesecake Factory Inc shares have risen nearly 16.08% since the year began. Nevertheless, the stocks have risen 60.88% over the past one year. While a 52-week high of $57.32 was reached on 02/04/25, a 52-week low of $33.05 was recorded on 01/13/25. SMA at 50 days reached $51.33, while 200 days put it at $43.23.
Levels Of Support And Resistance For CAKE Stock
The 24-hour chart illustrates a support level at 53.88, which if violated will result in even more drops to 52.70. On the upside, there is a resistance level at 55.84. A further resistance level may holdings at 56.61. The Relative Strength Index (RSI) on the 14-day chart is 58.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.77, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 32.33%. Stochastics %K at 65.18% indicates the stock is a holding.
