PBF Energy Inc’s recently made public that its Add’l Rep. Persons-see Ex.99-1 Control Empresarial de Capital acquired Company’s shares for reported $2.66 million on Aug 07 ’24. In the deal valued at $36.47 per share,73,000 shares were bought. As a result of this transaction, Control Empresarial de Capital now holds 18,352,598 shares worth roughly $686.57 million.
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Then, Control Empresarial de Capital bought 100,000 shares, generating $3,595,620 in total proceeds. Upon buying the shares at $35.96, the Add’l Rep. Persons-see Ex.99-1 now owns 18,279,598 shares.
Before that, Control Empresarial de Capital bought 50,000 shares. PBF Energy Inc shares valued at $1,780,125 were divested by the Add’l Rep. Persons-see Ex.99-1 at a price of $35.60 per share. As a result of the transaction, Control Empresarial de Capital now holds 18,179,598 shares, worth roughly $680.1 million.
A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in early May has reiterated a ‘”a Hold”‘ rating for it. Mizuho also remained covering PBF and has decreased its forecast on March 22, 2024 with a “Neutral” recommendation from previously “Buy” rating. BofA Securities revised its rating on March 15, 2024. It rated PBF as “a Buy” which previously was an “a Neutral”.
Price Performance Review of PBF
On Monday, PBF Energy Inc [NYSE:PBF] saw its stock jump 0.67% to $37.41. Over the last five days, the stock has gained 5.62%. PBF Energy Inc shares have fallen nearly -14.90% since the year began. Nevertheless, the stocks have fallen -22.99% over the past one year. While a 52-week high of $62.88 was reached on 04/05/24, a 52-week low of $33.80 was recorded on 08/05/24. SMA at 50 days reached $42.00, while 200 days put it at $47.30.
Levels Of Support And Resistance For PBF Stock
The 24-hour chart illustrates a support level at 36.77, which if violated will result in even more drops to 36.13. On the upside, there is a resistance level at 38.02. A further resistance level may holdings at 38.63. The Relative Strength Index (RSI) on the 14-day chart is 40.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.87, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.13%. Stochastics%K at 40.64% indicates the stock is a holding.
How much short interest is there in PBF Energy Inc?
A steep rise in short interest was recorded in PBF Energy Inc stocks on
The most recent change occurred on February 16, 2024 when TD Cowen resumed its ‘”a Market perform”‘ rating for the stock and retained the price target to $41.
