Bloom Energy Corp’s recently made public that its Officer SHAWN M. SODERBERG acquired Company’s shares for reported $18425.0 on Aug 16 ’24. In the deal valued at $11.98 per share,1,538 shares were bought.
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Then, SODERBERG SHAWN MARIE sold 2,094 shares, generating $30,426 in total proceeds. Upon selling the shares at $14.53, the insider now owns 168,867 shares.
Before that, Chitoori Satish sold 1,075 shares. Bloom Energy Corp shares valued at $14,964 were divested by the Chief Operations Officer at a price of $13.92 per share. As a result of the transaction, Chitoori Satish now holds 191,283 shares, worth roughly $2.22 million.
TD Cowen reiterated its Bloom Energy Corp [BE] rating to a Hold in a research note published on May 10, 2024; the price target was $13. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who began to cover the stock in early April with a ‘”an Outperform”‘ rating. Truist also remained covering BE and has increased its forecast on March 06, 2024 with a “Hold” recommendation from previously “Sell” rating. KeyBanc Capital Markets revised its rating on February 16, 2024. It rated BE as “a Sector weight” which previously was an “an Overweight”.
Price Performance Review of BE
On Friday, Bloom Energy Corp [NYSE:BE] saw its stock fall -3.09% to $11.61. Over the last five days, the stock has gained 1.04%. Bloom Energy Corp shares have fallen nearly -21.55% since the year began. Nevertheless, the stocks have fallen -20.53% over the past one year. While a 52-week high of $18.14 was reached on 05/22/24, a 52-week low of $8.41 was recorded on 02/23/24. SMA at 50 days reached $13.15, while 200 days put it at $12.28.
Levels Of Support And Resistance For BE Stock
The 24-hour chart illustrates a support level at 11.41, which if violated will result in even more drops to 11.20. On the upside, there is a resistance level at 11.90. A further resistance level may holdings at 12.18. The Relative Strength Index (RSI) on the 14-day chart is 44.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.94%. Stochastics%K at 38.43% indicates the stock is a holding.
How much short interest is there in Bloom Energy Corp?
A steep rise in short interest was recorded in Bloom Energy Corp stocks on 2024-07-31, dropping by -1.16 million shares to a total of 44.19 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 45.35 million shares. There was a decline of -2.62%, which implies that there is a negative sentiment for the stock.
