Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. BILL Holdings Inc shares valued at $60,113 were sold by Cota Germaine on Mar 07 ’24. At $65.34 per share, Cota Germaine sold 920 shares. The insider’s holdings dropped to 5,093 shares worth approximately $0.29 million following the completion of this transaction.
Also, Aji Rajesh A. sold 2,529 shares, netting a total of over 162,280 in proceeds. Following the sale of shares at $64.17 each, the insider now holds 8,652 shares.
Before that, Aji Rajesh A. had sold 248 shares from its account. In a trade valued at $18,883, the CLO & CCO traded BILL Holdings Inc shares for $76.14 each. Upon closing the transaction, the insider’s holdings decreased to 248 shares, worth approximately $0.46 million.
As published in a research note from Wells Fargo on April 01, 2024, BILL Holdings Inc [BILL] has been rated down from an Equal weight to an Underweight and the price target has been revised to $60 from $70. Analysts at Exane BNP Paribas upgraded the stock from ‘”an Underperform”‘ to ‘”a Neutral”‘ outlook in a report released in mid March. As of January 23, 2024, Wells Fargo has decreased its “an Overweight” rating to a “an Equal weight” for BILL. Earlier on November 03, 2023, William Blair downgraded its rating. Their new recommendation was “a Mkt perform” for BILL stock which previously was a “an Outperform”.
Analyzing BILL Stock Performance
During the last five days, there has been a drop of approximately -10.37%. Over the course of the year, BILL Holdings Inc shares have dropped approximately -31.01%. Shares of the company reached a 52-week high of $80.79 on 01/31/24 and a 52-week low of $56.08 on 05/06/24. A 50-day SMA is recorded $63.63, while a 200-day SMA reached $82.39. Nevertheless, trading volume fell to 2.34 million shares from 3.61 million shares the previous day.
Support And Resistance Levels for BILL Holdings Inc (BILL)
According to the 24-hour chart, there is a support level at 55.80, which, if violated, would cause prices to drop to 55.31. In the upper region, resistance lies at 57.14. The next price resistance is at 57.99. RSI (Relative Strength Index) is 35.46 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.40, which suggests the price will decrease in the coming days. Percent R is at 98.31%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
