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Piper Sandler Upgrades Bath & Body Works Inc (BBWI) to an Overweight from a Neutral

In a filing, Bath & Body Works Inc revealed its Former officer JULIE B ROSEN acquired Company’s shares for reported $1.67 million on Dec 10 ’24. In the deal valued at $39.03 per share,42,874 shares were bought.

Then, Boswell Gina bought 6,000 shares, generating $177,852 in total proceeds. Upon buying the shares at $29.64, the Chief Executive Officer now owns 242,987 shares.

Before that, Nash Sarah E sold 48,000 shares. Bath & Body Works Inc shares valued at $1,992,120 were divested by the Director at a price of $41.50 per share. As a result of the transaction, Nash Sarah E now holds 149,202 shares, worth roughly $4.63 million.

Piper Sandler upgraded its Bath & Body Works Inc [BBWI] rating to an Overweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in late February from “a Neutral” to “a Buy”. Barclays also remained covering BBWI and has increased its forecast on February 24, 2025 with a “an Equal weight” recommendation from previously “an Underweight” rating. JP Morgan revised its rating on February 18, 2025. It rated BBWI as “an Overweight” which previously was an “a Neutral”.

Price Performance Review of BBWI

On Friday, Bath & Body Works Inc [NYSE:BBWI] saw its stock fall -2.17% to $31.05. Over the last five days, the stock has lost -0.45%. Bath & Body Works Inc shares have fallen nearly -19.91% since the year began. Nevertheless, the stocks have fallen -34.24% over the past one year. While a 52-week high of $52.99 was reached on 02/26/25, a 52-week low of $24.96 was recorded on 04/08/25. SMA at 50 days reached $30.27, while 200 days put it at $33.01.

Levels Of Support And Resistance For BBWI Stock

The 24-hour chart illustrates a support level at 30.66, which if violated will result in even more drops to 30.27. On the upside, there is a resistance level at 31.75. A further resistance level may holdings at 32.45. The Relative Strength Index (RSI) on the 14-day chart is 53.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.80, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.44%. Stochastics %K at 82.62% indicates the stock is a selling.

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