Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Benson Hill Inc. shares valued at $29,176 were sold by Molly Montgomery on Jul 03. At $1.24 per share, Molly Montgomery sold 23,510 shares. The insider’s holdings dropped to 60,686 shares worth approximately $37018.46 following the completion of this transaction.
Also, Bull Jason sold 5,326 shares, netting a total of over 6,353 in proceeds. Following the sale of shares at $1.19 each, the insider now holds 17,292 shares.
Before that, Bennett Bruce Tyler had sold 5,061 shares from its account. In a trade valued at $6,037, the President, Ingredients traded Benson Hill Inc. shares for $1.19 each. Upon closing the transaction, the insider’s holdings decreased to 5,061 shares, worth approximately $16815.26.
As published in a research note from Oppenheimer on August 10, 2023, Benson Hill Inc. [BHIL] has been rated down from an Outperform to a Perform.
Analyzing BHIL Stock Performance
On Thursday, Benson Hill Inc. [NYSE: BHIL] plunged -9.56% to $0.61. The stock’s lowest price that day was $0.605, but it reached a high of $0.70 in the same session. During the last five days, there has been a drop of approximately -12.44%. Over the course of the year, Benson Hill Inc. shares have dropped approximately -76.08%. Shares of the company reached a 52-week high of $2.8400 on 02/02/23 and a 52-week low of $0.5900 on 08/22/23. A 50-day SMA is recorded $1.1293, while a 200-day SMA reached $1.7820. Nevertheless, trading volume fell to 0.57 million shares from 0.79 million shares the previous day.
Support And Resistance Levels for Benson Hill Inc. (BHIL)
According to the 24-hour chart, there is a support level at 0.5767, which, if violated, would cause prices to drop to 0.5433. In the upper region, resistance lies at 0.6717. The next price resistance is at 0.7333. RSI (Relative Strength Index) is 28.83 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.2049, which suggests the price will decrease in the coming days. Percent R is at 97.18%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Benson Hill Inc. subject to short interest?
Stocks of Benson Hill Inc. saw a sharp steep in short interest on Jul 30, 2023 dropping by -0.34 million shares to 4.63 million. Data from Yahoo Finance shows that the short interest on Jun 29, 2023 was 4.97 million shares. A decline of -7.34% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 13.91 of the overall float, the days-to-cover ratio (short ratio) decline to 13.91.
Which companies own the most shares of Benson Hill Inc. (BHIL)?
According to BlackRock Fund Advisors filings, the company currently owns 10,081,810 shares, which is about 4.86% of the total BHIL shares outstanding. The investor’s shares have appreciated by 283,237 from its previous 13-F filing of 9798573.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $10,264,747. BlackRock Financial Management, I reduced a -0.19% interest valued at $9.56 million while The Caisse de dépôt et placement 0 stake. In its current portfolio, Northern Trust Investments, Inc. holds 1,306,220 shares valued at $1.82 million.
In terms of Benson Hill Inc. share price expectations, FactSet research, analysts set an average price target of $2.50 in the next 12 months, up nearly 273.13% from the previous closing price of $0.67. Analysts anticipate Benson Hill Inc. stock to reach $2.50 by 2023, with the lowest price target being $2.50. In spite of this, 2 analysts ranked Benson Hill Inc. stock as an Overweight at the end of 2023.