Bakkt Holdings Inc’s recent filing unveils that its 10% Owner Intercontinental Exchange, Inc acquired Company’s shares for reported $0.3 million on Apr 25 ’24. In the deal valued at $0.87 per share,350,880 shares were bought. As a result of this transaction, Intercontinental Exchange, Inc now holds 649,934 shares worth roughly $4.74 million.
Then, Intercontinental Exchange, Inc bought 2,762,009 shares, generating $2,394,662 in total proceeds. Upon buying the shares at $0.87, the 10% Owner now owns 7,476,345 shares.
Before that, D’Annunzio Marc sold 50,247 shares. Bakkt Holdings Inc shares valued at $44,047 were divested by the General Counsel & Secretary at a price of $0.88 per share. As a result of the transaction, D’Annunzio Marc now holds 566,630 shares, worth roughly $4.13 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 Tuesday, Bakkt Holdings Inc [NYSE:BKKT] saw its stock jump 10.45% to $7.29. Over the last five days, the stock has gained 8.64%. Bakkt Holdings Inc shares have fallen nearly -86.92% since the year began. Nevertheless, the stocks have fallen -80.16% over the past one year. While a 52-week high of $68.75 was reached on 01/02/24, a 52-week low of $5.57 was recorded on 05/01/24. SMA at 50 days reached $12.29, while 200 days put it at $28.78. A total of 0.28 million shares were traded, compared to the trading of 0.33 million shares in the previous session.
Levels Of Support And Resistance For BKKT Stock
The 24-hour chart illustrates a support level at 6.78, which if violated will result in even more drops to 6.26. On the upside, there is a resistance level at 7.63. A further resistance level may holdings at 7.96. The Relative Strength Index (RSI) on the 14-day chart is 34.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.09%. Stochastics %K at 23.38% indicates the stock is a holding.
