The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Bakkt Holdings Inc shares valued at $2,394,662 were purchased by Intercontinental Exchange, Inc on Mar 04 ’24. At $0.87 per share, Intercontinental Exchange, Inc acquired 2,762,009 shares. The insider’s holdings grew to 7,476,345 shares worth approximately $3.14 million following the completion of this transaction.
Also, D’Annunzio Marc sold 50,247 shares, netting a total of over 44,047 in proceeds. Following the sale of shares at $0.88 each, the insider now holds 566,630 shares.
Before that, D’Annunzio Marc had sold 19,329 shares from its account. In a trade valued at $18,927, the General Counsel & Secretary traded Bakkt Holdings Inc shares for $0.98 each. Upon closing the transaction, the insider’s holdings decreased to 19,329 shares, worth approximately $0.27 million.
As published in their initiating research note from Wells Fargo on September 29, 2022, Bakkt Holdings Inc [BKKT] has been an Equal weight and the price target has been revised to $2.50. Analysts at Citigroup started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid July. As of November 11, 2021, Jefferies has initiated its “Hold” rating for BKKT.
Analyzing BKKT Stock Performance
During the last five days, there has been a drop of approximately -22.62%. Over the course of the year, Bakkt Holdings Inc shares have dropped approximately -81.17%. Shares of the company reached a 52-week high of $2.3800 on 01/02/24 and a 52-week low of $0.3950 on 04/17/24. A 50-day SMA is recorded $0.6624, while a 200-day SMA reached $1.2365. Nevertheless, trading volume fell to 2.53 million shares from 3.55 million shares the previous day.
Support And Resistance Levels for Bakkt Holdings Inc (BKKT)
According to the 24-hour chart, there is a support level at 0.4002, which, if violated, would cause prices to drop to 0.3804. In the upper region, resistance lies at 0.4349. The next price resistance is at 0.4498. RSI (Relative Strength Index) is 37.25 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0550, which suggests the price will decrease in the coming days. Percent R is at 84.99%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
