Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Buckle, Inc. shares valued at $5,133,489 were purchased by Dennis H. Nelson on Jul 29 ’24. At $41.82 per share, Dennis H. Nelson acquired 122,752 shares.
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Also, NELSON DENNIS H sold 20,487 shares, netting a total of over 846,672 in proceeds. Following the sale of shares at $41.33 each, the insider now holds 1,965,717 shares.
Before that, Peetz John P had sold 2,500 shares from its account. In a trade valued at $100,650, the Director traded Buckle, Inc. shares for $40.26 each. Upon closing the transaction, the insider’s holdings decreased to 2,500 shares, worth approximately $1.06 million.
As published in a research note from UBS on January 05, 2024, Buckle, Inc. [BKE] has been rated down from a Neutral to a Sell and the price target has been revised to $34. Analysts at UBS started covering the stock with ‘”a Neutral”‘ outlook in a report released in early April. As of December 14, 2021, Sidoti has initiated its “Buy” rating for BKE. Earlier on March 08, 2019, Deutsche Bank downgraded its rating. Their new recommendation was “a Sell” for BKE stock which previously was a “a Hold”.
Analyzing BKE Stock Performance
During the last five days, there has been a surge of approximately 10.57%. Over the course of the year, Buckle, Inc. shares have dropped approximately -3.60%. Shares of the company reached a 52-week high of $48.08 on 01/02/24 and a 52-week low of $34.87 on 06/17/24. A 50-day SMA is recorded $37.78, while a 200-day SMA reached $38.51. Nevertheless, trading volume fell to 0.54 million shares from 0.41 million shares the previous day.
Support And Resistance Levels for Buckle, Inc. (BKE)
According to the 24-hour chart, there is a support level at 42.11, which, if violated, would cause prices to drop to 41.03. In the upper region, resistance lies at 44.32. The next price resistance is at 45.45. RSI (Relative Strength Index) is 70.63 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.42, which suggests the price will increase in the coming days. Percent R is at 18.07%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.
