Bunge Global SA’s recent filing unveils that its Co-President, Agribusiness Dimopoulos Christos unloaded Company’s shares for reported $2.07 million on May 22 ’24. In the deal valued at $103.26 per share,20,000 shares were sold. As a result of this transaction, Dimopoulos Christos now holds 87,999 shares worth roughly $9.06 million.
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Then, Dimopoulos Christos sold 20,000 shares, generating $2,237,718 in total proceeds. Upon selling the shares at $111.89, the Co-President, Agribusiness now owns 73,291 shares.
HSBC Securities upgraded its Bunge Global SA [BG] rating to a Buy from a a Hold in a research note published on February 09, 2024; the price target was decreased to $105 from $122. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in early February with a ‘”a Buy”‘ rating. Wolfe Research also remained covering BG and has decreased its forecast on January 10, 2024 with a “Peer perform” recommendation from previously “an Outperform” rating. HSBC Securities started covering the stock on September 15, 2023. It rated BG as “a Hold”.
Price Performance Review of BG
On Monday, Bunge Global SA [NYSE:BG] saw its stock jump 0.15% to $102.98. Over the last five days, the stock has lost -2.62%. Bunge Global SA shares have risen nearly 2.01% since the year began. Nevertheless, the stocks have risen 9.32% over the past one year. While a 52-week high of $116.59 was reached on 04/19/24, a 52-week low of $86.10 was recorded on 02/07/24. SMA at 50 days reached $104.77, while 200 days put it at $102.16. A total of 1.03 million shares were traded, compared to the trading of 0.76 million shares in the previous session.
Levels Of Support And Resistance For BG Stock
The 24-hour chart illustrates a support level at 101.91, which if violated will result in even more drops to 100.85. On the upside, there is a resistance level at 103.89. A further resistance level may holdings at 104.81. The Relative Strength Index (RSI) on the 14-day chart is 45.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.11%. Stochastics %K at 13.20% indicates the stock is a buying.
The most recent change occurred on June 22, 2023 when ROTH MKM began covering the stock and recommended ‘”a Buy”‘ rating along with a $138 price target.
