Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. BurgerFi International Inc shares valued at $11,574 were sold by JOHN ROSATTI REVOCABLE TRUST on Mar 25 ’24. At $0.58 per share, JOHN ROSATTI REVOCABLE TRUST sold 20,000 shares. The insider’s holdings dropped to 2,668,396 shares worth approximately $0.37 million following the completion of this transaction.
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Also, JOHN ROSATTI REVOCABLE TRUST sold 20,000 shares, netting a total of over 11,536 in proceeds. Following the sale of shares at $0.58 each, the insider now holds 2,688,396 shares.
Before that, JOHN ROSATTI REVOCABLE TRUST had sold 20,000 shares from its account. In a trade valued at $11,760, the 10% Owner traded BurgerFi International Inc shares for $0.59 each. Upon closing the transaction, the insider’s holdings decreased to 20,000 shares, worth approximately $0.38 million.
As published in their initiating research note from BTIG Research on November 23, 2021, BurgerFi International Inc [BFI] has been a Buy and the price target has been revised to $11.
Analyzing BFI Stock Performance
During the last five days, there has been a drop of approximately -1.05%. Over the course of the year, BurgerFi International Inc shares have dropped approximately -83.49%. Shares of the company reached a 52-week high of $0.8922 on 01/08/24 and a 52-week low of $0.1325 on 06/20/24. A 50-day SMA is recorded $0.2643, while a 200-day SMA reached $0.5061. Nevertheless, trading volume fell to 4.95 million shares from 0.61 million shares the previous day.
Support And Resistance Levels for BurgerFi International Inc (BFI)
According to the 24-hour chart, there is a support level at 0.1338, which, if violated, would cause prices to drop to 0.1256. In the upper region, resistance lies at 0.1564. The next price resistance is at 0.1708. RSI (Relative Strength Index) is 35.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0040, which suggests the price will decrease in the coming days. Percent R is at 93.53%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
