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. Booz Allen Hamilton Holding Corporation shares valued at $1,563,600 were sold by Dotson Judith on Jan 03. At $104.24 per share, Dotson Judith sold 15,000 shares. The insider’s holdings dropped to 62,240 shares worth approximately $5.99 million following the completion of this transaction.
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Also, ANDERSON KRISTINE sold 5,064 shares, netting a total of over 528,074 in proceeds. Following the sale of shares at $104.28 each, the insider now holds 63,948 shares.
Before that, Thompson Elizabeth M had sold 7,285 shares from its account. In a trade valued at $728,500, the EVP & Chief People Officer traded Booz Allen Hamilton Holding Corporation shares for $100.00 each. Upon closing the transaction, the insider’s holdings decreased to 7,285 shares, worth approximately $2.07 million.
As published in a research note from Raymond James on October 19, 2022, Booz Allen Hamilton Holding Corporation [BAH] has been rated down from an Outperform to a Mkt perform. Analysts at Barclays downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in early June. As of April 13, 2022, Goldman has increased its “Neutral” rating to a “Buy” for BAH.
Analyzing BAH Stock Performance
On Thursday, Booz Allen Hamilton Holding Corporation [NYSE: BAH] rose 0.83% to $96.25. The stock’s lowest price that day was $95.34, but it reached a high of $96.515 in the same session. During the last five days, there has been a surge of approximately 0.34%. Over the course of the year, Booz Allen Hamilton Holding Corporation shares have dropped approximately -7.91%. Shares of the company reached a 52-week high of $105.32 on 01/03/23 and a 52-week low of $91.50 on 01/27/23. A 50-day SMA is recorded $97.81, while a 200-day SMA reached $96.43. Nevertheless, trading volume fell to 0.68 million shares from 0.89 million shares the previous day.
Support And Resistance Levels for Booz Allen Hamilton Holding Corporation (BAH)
According to the 24-hour chart, there is a support level at 95.56, which, if violated, would cause prices to drop to 94.86. In the upper region, resistance lies at 96.73. The next price resistance is at 97.21. RSI (Relative Strength Index) is 49.35 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.53, which suggests the price will decrease in the coming days. Percent R is at 36.04%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Booz Allen Hamilton Holding Corporation subject to short interest?
Stocks of Booz Allen Hamilton Holding Corporation saw a sharp rise in short interest on Jan 30, 2023 jumping by 0.3 million shares to 2.15 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2022 was 1.85 million shares. A jump of 13.95% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.4 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.4.
Which companies own the most shares of Booz Allen Hamilton Holding Corporation (BAH)?
According to The Vanguard Group, Inc. filings, the company currently owns 12,369,601 shares, which is about 9.35% of the total BAH shares outstanding. The investor’s shares have appreciated by 294,776 from its previous 13-F filing of 12074825.0 shares. With the completion of the buy transaction, T. Rowe Price Associates, Inc.’s stake is now worth $1,016,404,735. BlackRock Fund Advisors acquire a 3.90% interest valued at $690.53 million while Columbia Management Investment Ad sold a -263,679 stake. A total of -4,051 shares of Booz Allen Hamilton Holding Corporation were sold by Atlanta Capital Management Co. LL during the quarter, and 282,438 were bought by 1832 Asset Management LP. In its current portfolio, SSgA Funds Management, Inc. holds 2,881,787 shares valued at $272.73 million.