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Wells Fargo downgrades BILL Holdings Inc (BILL) rating to an Underweight

BILL Holdings Inc’s recent filing unveils that its CLO & CCO Aji Rajesh A. unloaded Company’s shares for reported $63085.0 on Jun 17 ’24. In the deal valued at $48.01 per share,1,314 shares were sold. As a result of this transaction, Aji Rajesh A. now holds 7,812 shares worth roughly $0.41 million.

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Then, Aji Rajesh A. sold 2,616 shares, generating $134,992 in total proceeds. Upon selling the shares at $51.60, the CLO & CCO now owns 9,126 shares.

Before that, Cota Germaine sold 642 shares. BILL Holdings Inc shares valued at $33,118 were divested by the SVP, FINANCE & ACCOUNTING at a price of $51.59 per share. As a result of the transaction, Cota Germaine now holds 6,057 shares, worth roughly $0.32 million.

Wells Fargo downgraded its BILL Holdings Inc [BILL] rating to an Underweight from a an Equal weight in a research note published on April 01, 2024; the price target was decreased to $60 from $70. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who increased its forecast for the stock in mid March from “an Underperform” to “a Neutral”. Wells Fargo also remained covering BILL and has decreased its forecast on January 23, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating. William Blair revised its rating on November 03, 2023. It rated BILL as “a Mkt perform” which previously was an “an Outperform”.

Price Performance Review of BILL

On Tuesday, BILL Holdings Inc [NYSE:BILL] saw its stock fall -1.17% to $52.32. Over the last five days, the stock has lost -2.81%. BILL Holdings Inc shares have fallen nearly -35.87% since the year began. Nevertheless, the stocks have fallen -58.02% over the past one year. While a 52-week high of $127.64 was reached on 01/31/24, a 52-week low of $45.90 was recorded on 06/20/24. SMA at 50 days reached $51.92, while 200 days put it at $66.18. A total of 1.06 million shares were traded, compared to the trading of 0.78 million shares in the previous session.

Levels Of Support And Resistance For BILL Stock

The 24-hour chart illustrates a support level at 51.63, which if violated will result in even more drops to 50.93. On the upside, there is a resistance level at 53.27. A further resistance level may holdings at 54.21. The Relative Strength Index (RSI) on the 14-day chart is 49.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.42, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.44%. Stochastics%K at 40.95% indicates the stock is a holding.

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