The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Buckle, Inc. shares valued at $579,870 were sold by NELSON DENNIS H on Aug 05 ’24. At $37.80 per share, NELSON DENNIS H sold 15,340 shares. The insider’s holdings dropped to 1,950,377 shares worth approximately $81.27 million following the completion of this transaction.
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Also, NELSON DENNIS H sold 900 shares, netting a total of over 36,299 in proceeds. Following the sale of shares at $40.33 each, the insider now holds 1,949,477 shares.
Before that, NELSON DENNIS H had sold 20,487 shares from its account. In a trade valued at $846,672, the President & CEO traded Buckle, Inc. shares for $41.33 each. Upon closing the transaction, the insider’s holdings decreased to 20,487 shares, worth approximately $81.91 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 drop of approximately -2.05%. Over the course of the year, Buckle, Inc. shares have dropped approximately -6.99%. 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 $39.07, while a 200-day SMA reached $39.05. Nevertheless, trading volume fell to 0.57 million shares from 0.24 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 40.93, which, if violated, would cause prices to drop to 40.19. In the upper region, resistance lies at 42.21. The next price resistance is at 42.75. RSI (Relative Strength Index) is 55.70 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.68, which suggests the price will decrease in the coming days. Percent R is at 27.41%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
