In a filing, Bakkt Holdings Inc revealed 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 $3.29 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 $0.28 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 fall -10.55% to $0.44. Over the last five days, the stock has lost -10.36%. Bakkt Holdings Inc shares have fallen nearly -80.26% since the year began. Nevertheless, the stocks have fallen -72.31% 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 $0.7196, while 200 days put it at $1.2491. A total of 3.08 million shares were traded, compared to the trading of 4.3 million shares in the previous session.
Levels Of Support And Resistance For BKKT Stock
The 24-hour chart illustrates a support level at 0.4162, which if violated will result in even more drops to 0.3922. On the upside, there is a resistance level at 0.4743. A further resistance level may holdings at 0.5084. The Relative Strength Index (RSI) on the 14-day chart is 37.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0146, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.92%. Stochastics %K at 45.46% indicates the stock is a holding.
