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Analyzing BILL Holdings Inc (BILL) After Recent Trading Activity

BILL Holdings Inc’s recent filing unveils that its Officer RAJESH AJI acquired Company’s shares for reported $0.14 million on Aug 30 ’24. In the deal valued at $54.98 per share,2,486 shares were bought.

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Then, JACOBS BRIAN bought 20,000 shares, generating $1,072,600 in total proceeds. Upon buying the shares at $53.63, the Director now owns 29,559 shares.

Before that, JACOBS BRIAN bought 5,000 shares. BILL Holdings Inc shares valued at $265,796 were divested by the Director at a price of $53.16 per share. As a result of the transaction, JACOBS BRIAN now holds 9,559 shares, worth roughly $0.52 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 Friday, BILL Holdings Inc [NYSE:BILL] saw its stock fall -0.76% to $54.56. Over the last five days, the stock has gained 15.25%. BILL Holdings Inc shares have fallen nearly -33.13% since the year began. Nevertheless, the stocks have fallen -52.51% 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 $50.64, while 200 days put it at $61.75.

Levels Of Support And Resistance For BILL Stock

The 24-hour chart illustrates a support level at 53.98, which if violated will result in even more drops to 53.39. On the upside, there is a resistance level at 55.51. A further resistance level may holdings at 56.45. The Relative Strength Index (RSI) on the 14-day chart is 60.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.33, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.78%. Stochastics %K at 86.27% indicates the stock is a selling.

How much short interest is there in BILL Holdings Inc?

A steep rise in short interest was recorded in BILL Holdings Inc stocks on 2024-08-15, dropping by -0.27 million shares to a total of 2.5 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 2.77 million shares. There was a decline of -10.77%, which implies that there is a negative sentiment for the stock.

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