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BILL Holdings Inc [BILL] Investment Guide: What You Need to Know

BILL Holdings Inc’s filing revealed that its CEO Lacerte Rene A. acquired Company’s shares for reported $2.1 million on Aug 26 ’24. In the deal valued at $49.60 per share,42,248 shares were bought. As a result of this transaction, Lacerte Rene A. now holds 184,249 shares worth roughly $9.17 million.

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Then, Rettig John R. bought 21,124 shares, generating $1,043,481 in total proceeds. Upon buying the shares at $49.40, the CFO now owns 80,474 shares.

Before that, Aji Rajesh A. sold 1,314 shares. BILL Holdings Inc shares valued at $63,085 were divested by the CLO & CCO at a price of $48.01 per share. As a result of the transaction, Aji Rajesh A. now holds 7,812 shares, worth roughly $0.39 million.

BMO Capital Markets reiterated its BILL Holdings Inc [BILL] rating to a Market perform in a research note published on August 26, 2024; the price target was $57. A number of analysts have revised their coverage, including Goldman’s analysts, who decreased its forecast for the stock in late August from “a Buy” to “a Neutral”. Wolfe Research also remained covering BILL and has decreased its forecast on August 01, 2024 with a “Peer perform” recommendation from previously “an Outperform” rating. Wells Fargo revised its rating on April 01, 2024. It rated BILL as “an Underweight” which previously was an “an Equal weight”.

Price Performance Review of BILL

On Monday, BILL Holdings Inc [NYSE:BILL] saw its stock jump 5.13% to $49.77. Over the last five days, the stock has lost -1.99%. BILL Holdings Inc shares have fallen nearly -39.00% since the year began. Nevertheless, the stocks have fallen -52.63% over the past one year. While a 52-week high of $119.32 was reached on 01/31/24, a 52-week low of $43.11 was recorded on 08/05/24. SMA at 50 days reached $50.16, while 200 days put it at $61.83.

Levels Of Support And Resistance For BILL Stock

The 24-hour chart illustrates a support level at 48.29, which if violated will result in even more drops to 46.82. On the upside, there is a resistance level at 50.82. A further resistance level may holdings at 51.88. The Relative Strength Index (RSI) on the 14-day chart is 50.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.88, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.96%. Stochastics %K at 63.74% indicates the stock is a holding.

How much short interest is there in BILL Holdings Inc?

A steep rise in short interest was recorded in BILL Holdings Inc stocks on 2024-07-31, dropping by -0.79 million shares to a total of 2.22 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 3.0 million shares. There was a decline of -35.56%, which implies that there is a negative sentiment for the stock.

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