PBF Energy Inc’s filing revealed that its Add’l Rep. Persons-see Ex.99-1 Control Empresarial de Capital acquired Company’s shares for reported $26.27 million on Sep 05 ’24. In the deal valued at $32.62 per share,805,300 shares were bought. As a result of this transaction, Control Empresarial de Capital now holds 20,634,898 shares worth roughly $ 659.7 million.
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Then, Control Empresarial de Capital bought 452,500 shares, generating $14,547,287 in total proceeds. Upon buying the shares at $32.15, the Add’l Rep. Persons-see Ex.99-1 now owns 21,087,398 shares.
Before that, Control Empresarial de Capital bought 700,000 shares. PBF Energy Inc shares valued at $23,313,850 were divested by the Add’l Rep. Persons-see Ex.99-1 at a price of $33.31 per share. As a result of the transaction, Control Empresarial de Capital now holds 19,829,598 shares, worth roughly $633.95 million.
Tudor Pickering Holt & Co. downgraded its PBF Energy Inc [PBF] rating to a Sell from a a Hold in a research note published recently. TD Cowen also remained covering PBF and reiterated its “Hold” recommendation on May 03, 2024. Mizuho revised its rating on March 22, 2024. It rated PBF as “a Neutral” which previously was an “a Buy”.
Price Performance Review of PBF
On Monday, PBF Energy Inc [NYSE:PBF] saw its stock fall -1.11% to $31.97. Over the last five days, the stock has lost -6.14%. PBF Energy Inc shares have fallen nearly -27.27% since the year began. Nevertheless, the stocks have fallen -37.55% over the past one year. While a 52-week high of $62.88 was reached on 04/05/24, a 52-week low of $31.78 was recorded on 09/06/24. SMA at 50 days reached $37.84, while 200 days put it at $46.22.
Levels Of Support And Resistance For PBF Stock
The 24-hour chart illustrates a support level at 31.69, which if violated will result in even more drops to 31.41. On the upside, there is a resistance level at 32.46. A further resistance level may holdings at 32.95. The Relative Strength Index (RSI) on the 14-day chart is 31.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.10%. Stochastics %K at 5.44% indicates the stock is a buying.
How much short interest is there in PBF Energy Inc?
A steep rise in short interest was recorded in PBF Energy Inc stocks on 2024-08-15, dropping by -0.28 million shares to a total of 10.14 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 10.42 million shares. There was a decline of -2.75%, which implies that there is a negative sentiment for the stock.
