PBF Energy Inc’s recent filing unveils that its Senior Vice President Davis Paul T unloaded Company’s shares for reported $5.64 million on Mar 25 ’24. In the deal valued at $56.37 per share,100,000 shares were sold. As a result of this transaction, Davis Paul T now holds 110,978 shares worth roughly $6.63 million.
Then, O Connor Thomas L sold 10,000 shares, generating $571,500 in total proceeds. Upon selling the shares at $57.15, the Senior Vice President now owns 160,338 shares.
Before that, O Connor Thomas L sold 40,000 shares. PBF Energy Inc shares valued at $2,234,600 were divested by the Senior Vice President at a price of $55.87 per share. As a result of the transaction, O Connor Thomas L now holds 160,338 shares, worth roughly $9.58 million.
Mizuho downgraded its PBF Energy Inc [PBF] rating to a Neutral from a a Buy in a research note published on March 22, 2024; the price target was increased to $58 from $53. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in mid March from “a Neutral” to “a Buy”. TD Cowen also remained covering PBF and reiterated its “Market perform” recommendation on February 16, 2024. Citigroup started covering the stock on January 24, 2024. It rated PBF as “a Neutral”.
Price Performance Review of PBF
On Friday, PBF Energy Inc [NYSE:PBF] saw its stock fall -0.57% to $59.72. Over the last five days, the stock has lost -3.74%. PBF Energy Inc shares have risen nearly 35.85% since the year began. Nevertheless, the stocks have risen 47.42% over the past one year. While a 52-week high of $62.88 was reached on 04/05/24, a 52-week low of $31.25 was recorded on 01/08/24. SMA at 50 days reached $53.22, while 200 days put it at $47.87. A total of 1.26 million shares were traded, compared to the trading of 1.14 million shares in the previous session.
Levels Of Support And Resistance For PBF Stock
The 24-hour chart illustrates a support level at 58.98, which if violated will result in even more drops to 58.24. On the upside, there is a resistance level at 60.72. A further resistance level may holdings at 61.71. The Relative Strength Index (RSI) on the 14-day chart is 62.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.64, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 40.91%. Stochastics %K at 57.75% indicates the stock is a holding.
