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. Booz Allen Hamilton Holding Corp shares valued at $149,186 were sold by Barnes Melody C on Aug 01 ’24. At $143.31 per share, Barnes Melody C sold 1,041 shares. The insider’s holdings dropped to 18,123 shares worth approximately $2.84 million following the completion of this transaction.
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Also, Barnes Melody C purchased 1,041 shares, netting a total of over 149,186 in proceeds.
Before that, Crowe Richard had sold 1,006 shares from its account. In a trade valued at $152,872, the Executive Vice President traded Booz Allen Hamilton Holding Corp shares for $151.96 each. Upon closing the transaction, the insider’s holdings decreased to 1,006 shares, worth approximately $4.66 million.
As published in a research note from Wells Fargo on July 29, 2024, Booz Allen Hamilton Holding Corp [BAH] has been rated up from an Equal weight to an Overweight and the price target has been revised to $165 from $168. Analysts at Barclays downgraded the stock from ‘”an Equal weight”‘ to ‘”an Underweight”‘ outlook in a report released in early January. As of November 28, 2023, Wells Fargo has decreased its “an Overweight” rating to a “an Equal weight” for BAH. Earlier on October 03, 2023, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for BAH stock which previously was a “a Neutral”.
Analyzing BAH Stock Performance
During the last five days, there has been a surge of approximately 0.67%. Over the course of the year, Booz Allen Hamilton Holding Corp shares have jumped approximately 22.59%. Shares of the company reached a 52-week high of $164.43 on 05/24/24 and a 52-week low of $123.17 on 01/05/24. A 50-day SMA is recorded $152.04, while a 200-day SMA reached $144.09. Nevertheless, trading volume fell to 0.63 million shares from 0.39 million shares the previous day.
Support And Resistance Levels for Booz Allen Hamilton Holding Corp (BAH)
According to the 24-hour chart, there is a support level at 155.77, which, if violated, would cause prices to drop to 154.74. In the upper region, resistance lies at 157.62. The next price resistance is at 158.44. RSI (Relative Strength Index) is 60.94 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.61, which suggests the price will increase in the coming days. Percent R is at 20.85%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
