Bakkt Holdings Inc’s recent filing unveils that its 10% Owner Intercontinental Exchange, Inc acquired Company’s shares for reported $2.39 million on Mar 04 ’24. In the deal valued at $0.87 per share,2,762,009 shares were bought. As a result of this transaction, Intercontinental Exchange, Inc now holds 7,476,345 shares worth roughly $3.66 million.
Then, D’Annunzio Marc sold 50,247 shares, generating $44,047 in total proceeds. Upon selling the shares at $0.88, the General Counsel & Secretary now owns 566,630 shares.
Before that, D’Annunzio Marc sold 19,329 shares. Bakkt Holdings Inc shares valued at $18,927 were divested by the General Counsel & Secretary at a price of $0.98 per share. As a result of the transaction, D’Annunzio Marc now holds 638,157 shares, worth roughly $0.31 million.
Wells Fargo initiated its Bakkt Holdings Inc [BKKT] rating to an Equal weight in a research note published on September 29, 2022; the price target was $2.50. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in mid July with a ‘”a Neutral”‘ rating. Jefferies began covering BKKT with “Hold” recommendation on November 11, 2021.
Price Performance Review of BKKT
On Monday, Bakkt Holdings Inc [NYSE:BKKT] saw its stock jump 9.99% to $0.49. Over the last five days, the stock has gained 5.73%. Bakkt Holdings Inc shares have fallen nearly -77.98% since the year began. Nevertheless, the stocks have fallen -68.11% over the past one year. While a 52-week high of $2.75 was reached on 01/02/24, a 52-week low of $0.41 was recorded on 04/03/24. SMA at 50 days reached $0.8137, while 200 days put it at $1.2668. A total of 4.16 million shares were traded, compared to the trading of 4.74 million shares in the previous session.
Levels Of Support And Resistance For BKKT Stock
The 24-hour chart illustrates a support level at 0.4568, which if violated will result in even more drops to 0.4225. On the upside, there is a resistance level at 0.5101. A further resistance level may holdings at 0.5291. The Relative Strength Index (RSI) on the 14-day chart is 40.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0235, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.51%. Stochastics %K at 26.13% indicates the stock is a holding.
How much short interest is there in Bakkt Holdings Inc?
A steep rise in short interest was recorded in Bakkt Holdings Inc stocks on Mar 15, 2024, dropping by -0.46 million shares to a total of 18.66 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 19.12 million shares. There was a decline of -2.47%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 14.08% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.49.
