BurgerFi International Inc’s filing revealed that its 10% Owner JOHN ROSATTI REVOCABLE TRUST unloaded Company’s shares for reported $11574.0 on Mar 25 ’24. In the deal valued at $0.58 per share,20,000 shares were sold. As a result of this transaction, JOHN ROSATTI REVOCABLE TRUST now holds 2,668,396 shares worth roughly $0.35 million.
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Then, JOHN ROSATTI REVOCABLE TRUST sold 20,000 shares, generating $11,536 in total proceeds. Upon selling the shares at $0.58, the 10% Owner now owns 2,688,396 shares.
Before that, JOHN ROSATTI REVOCABLE TRUST sold 20,000 shares. BurgerFi International Inc shares valued at $11,760 were divested by the 10% Owner at a price of $0.59 per share. As a result of the transaction, JOHN ROSATTI REVOCABLE TRUST now holds 2,708,396 shares, worth roughly $0.35 million.
BTIG Research initiated its BurgerFi International Inc [BFI] rating to a Buy in a research note published on November 23, 2021; the price target was $11.
Price Performance Review of BFI
On Friday, BurgerFi International Inc [NASDAQ:BFI] saw its stock fall -16.90% to $0.13. Over the last five days, the stock has lost -20.42%. BurgerFi International Inc shares have fallen nearly -84.73% since the year began. Nevertheless, the stocks have fallen -89.50% over the past one year. While a 52-week high of $1.32 was reached on 01/08/24, a 52-week low of $0.12 was recorded on 09/12/24. SMA at 50 days reached $0.2630, while 200 days put it at $0.4961.
Levels Of Support And Resistance For BFI Stock
The 24-hour chart illustrates a support level at 0.1176, which if violated will result in even more drops to 0.1038. On the upside, there is a resistance level at 0.1575. A further resistance level may holdings at 0.1836. The Relative Strength Index (RSI) on the 14-day chart is 35.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0215, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.42%. Stochastics %K at 16.90% indicates the stock is a buying.
How much short interest is there in BurgerFi International Inc?
A steep rise in short interest was recorded in BurgerFi International Inc stocks on 2024-08-30, dropping by -2.6 million shares to a total of 1.08 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 3.68 million shares. There was a decline of -240.94%, which implies that there is a negative sentiment for the stock.
