BILL Holdings Inc’s recently made public that its SVP, FINANCE & ACCOUNTING Cota Germaine unloaded Company’s shares for reported $60113.0 on Mar 07 ’24. In the deal valued at $65.34 per share,920 shares were sold. As a result of this transaction, Cota Germaine now holds 5,093 shares worth roughly $0.34 million.
Then, Aji Rajesh A. sold 2,529 shares, generating $162,280 in total proceeds. Upon selling the shares at $64.17, the CLO & CCO now owns 8,652 shares.
Before that, Aji Rajesh A. sold 248 shares. BILL Holdings Inc shares valued at $18,883 were divested by the CLO & CCO at a price of $76.14 per share. As a result of the transaction, Aji Rajesh A. now holds 8,178 shares, worth roughly $0.54 million.
Wells Fargo downgraded its BILL Holdings Inc [BILL] rating to an Underweight from a an Equal weight in a research note published on April 01, 2024; the price target was decreased to $60 from $70. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who increased its forecast for the stock in mid March from “an Underperform” to “a Neutral”. Wells Fargo also remained covering BILL and has decreased its forecast on January 23, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating. William Blair revised its rating on November 03, 2023. It rated BILL as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of BILL
On Tuesday, BILL Holdings Inc [NYSE:BILL] saw its stock jump 3.71% to $66.46. Over the last five days, the stock has gained 4.10%. BILL Holdings Inc shares have fallen nearly -18.54% since the year began. Nevertheless, the stocks have fallen -11.48% over the past one year. While a 52-week high of $139.50 was reached on 01/31/24, a 52-week low of $51.94 was recorded on 02/21/24. SMA at 50 days reached $67.28, while 200 days put it at $88.67. A total of 1.51 million shares were traded, compared to the trading of 1.49 million shares in the previous session.
Levels Of Support And Resistance For BILL Stock
The 24-hour chart illustrates a support level at 65.04, which if violated will result in even more drops to 63.63. On the upside, there is a resistance level at 67.23. A further resistance level may holdings at 68.01. The Relative Strength Index (RSI) on the 14-day chart is 51.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 38.85%. Stochastics %K at 38.71% indicates the stock is a holding.
How much short interest is there in BILL Holdings Inc?
A steep rise in short interest was recorded in BILL Holdings Inc stocks on Mar 15, 2024, dropping by -0.76 million shares to a total of 3.84 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 4.6 million shares. There was a decline of -19.79%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.87% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.91.
