Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. BILL Holdings Inc shares valued at $1,072,600 were purchased by JACOBS BRIAN on Aug 28 ’24. At $53.63 per share, JACOBS BRIAN acquired 20,000 shares. The insider’s holdings grew to 29,559 shares worth approximately $1.55 million following the completion of this transaction.
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Also, JACOBS BRIAN purchased 5,000 shares, netting a total of over 265,796 in proceeds. Following the buying of shares at $53.16 each, the insider now holds 9,559 shares.
Before that, Lacerte Rene A. had added 42,248 shares to its account. In a trade valued at $2,095,349, the CEO bought BILL Holdings Inc shares for $49.60 each. Upon closing the transaction, the insider’s holdings increased to 42,248 shares, worth approximately $9.64 million.
As published in a research note from BMO Capital Markets on August 26, 2024, BILL Holdings Inc [BILL] has been retained to a Market perform and the price target has been revised to $57. Analysts at Goldman downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late August. As of August 01, 2024, Wolfe Research has decreased its “an Outperform” rating to a “Peer perform” for BILL. Earlier on April 01, 2024, Wells Fargo downgraded its rating. Their new recommendation was “an Underweight” for BILL stock which previously was a “an Equal weight”.
Analyzing BILL Stock Performance
During the last five days, there has been a surge of approximately 1.63%. Over the course of the year, BILL Holdings Inc shares have dropped approximately -35.89%. Shares of the company reached a 52-week high of $80.79 on 01/31/24 and a 52-week low of $43.11 on 08/05/24. A 50-day SMA is recorded $50.33, while a 200-day SMA reached $61.76. Nevertheless, trading volume fell to 2.13 million shares from 4.73 million shares the previous day.
Support And Resistance Levels for BILL Holdings Inc (BILL)
According to the 24-hour chart, there is a support level at 51.67, which, if violated, would cause prices to drop to 51.02. In the upper region, resistance lies at 53.31. The next price resistance is at 54.30. RSI (Relative Strength Index) is 56.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.39, which suggests the price will increase in the coming days. Percent R is at 17.69%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
