Builders Firstsource Inc’s filing revealed that its President – Central Division Hiller Michael unloaded Company’s shares for reported $0.78 million on May 30 ’24. In the deal valued at $159.25 per share,4,875 shares were sold. As a result of this transaction, Hiller Michael now holds 30,106 shares worth roughly $4.06 million.
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Then, McCrobie Paul M sold 9,118 shares, generating $1,551,063 in total proceeds. Upon selling the shares at $170.11, the President – East Division now owns 22,667 shares.
Before that, Boydston Cory Jacobs sold 9,741 shares. Builders Firstsource Inc shares valued at $1,948,395 were divested by the Director at a price of $200.02 per share. As a result of the transaction, Boydston Cory Jacobs now holds 18,997 shares, worth roughly $2.56 million.
BofA Securities upgraded its Builders Firstsource Inc [BLDR] rating to a Buy from a a Neutral in a research note published on January 29, 2024; the price target was increased to $200 from $153. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in mid January with a ‘”an Outperform”‘ rating. Truist also remained covering BLDR and has decreased its forecast on January 04, 2024 with a “Hold” recommendation from previously “Buy” rating. B. Riley Securities revised its rating on December 06, 2023. It rated BLDR as “a Buy” which previously was an “a Neutral”.
Price Performance Review of BLDR
On Tuesday, Builders Firstsource Inc [NYSE:BLDR] saw its stock jump 0.56% to $134.74. Over the last five days, the stock has lost -1.30%. Builders Firstsource Inc shares have fallen nearly -19.29% since the year began. Nevertheless, the stocks have fallen -0.93% over the past one year. While a 52-week high of $214.70 was reached on 03/21/24, a 52-week low of $105.24 was recorded on 07/02/24. SMA at 50 days reached $161.59, while 200 days put it at $159.92. A total of 1.3 million shares were traded, compared to the trading of 3.21 million shares in the previous session.
Levels Of Support And Resistance For BLDR Stock
The 24-hour chart illustrates a support level at 133.05, which if violated will result in even more drops to 131.37. On the upside, there is a resistance level at 136.18. A further resistance level may holdings at 137.63. The Relative Strength Index (RSI) on the 14-day chart is 30.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.16%. Stochastics%K at 10.52% indicates the stock is a buying.
The most recent change occurred on December 01, 2023 when BofA Securities began covering the stock and recommended ‘”a Neutral”‘ rating along with a $143 price target.
