Bakkt Holdings Inc’s recently made public 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 $3.07 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 $0.26 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 3.07% to $0.41. Over the last five days, the stock has lost -6.86%. Bakkt Holdings Inc shares have fallen nearly -81.61% since the year began. Nevertheless, the stocks have fallen -69.17% over the past one year. While a 52-week high of $2.75 was reached on 01/02/24, a 52-week low of $0.39 was recorded on 04/22/24. SMA at 50 days reached $0.6323, while 200 days put it at $1.2273. A total of 3.4 million shares were traded, compared to the trading of 2.53 million shares in the previous session.
Levels Of Support And Resistance For BKKT Stock
The 24-hour chart illustrates a support level at 0.3901, which if violated will result in even more drops to 0.3703. On the upside, there is a resistance level at 0.4297. A further resistance level may holdings at 0.4495. The Relative Strength Index (RSI) on the 14-day chart is 37.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0514, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.34%. Stochastics %K at 10.07% indicates the stock is a buying.
