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. PBF Energy Inc shares valued at $20,964,233 were purchased by Control Empresarial de Capital on Sep 11 ’24. At $31.29 per share, Control Empresarial de Capital acquired 670,000 shares. The insider’s holdings grew to 22,527,398 shares worth approximately $748.36 million following the completion of this transaction.
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Also, Control Empresarial de Capital purchased 175,000 shares, netting a total of over 5,469,135 in proceeds. Following the buying of shares at $31.25 each, the insider now holds 22,702,398 shares.
Before that, Control Empresarial de Capital had added 470,000 shares to its account. In a trade valued at $14,972,414, the Add’l Rep. Persons-see Ex.99-1 bought PBF Energy Inc shares for $31.86 each. Upon closing the transaction, the insider’s holdings increased to 470,000 shares, worth approximately $726.1 million.
As published in a research note from Tudor Pickering Holt & Co. on September 09, 2024, PBF Energy Inc [PBF] has been rated down from a Hold to a Sell. As of May 03, 2024, TD Cowen has reiterated its “Hold” rating for PBF. Earlier on March 22, 2024, Mizuho downgraded its rating. Their new recommendation was “a Neutral” for PBF stock which previously was a “a Buy”.
Analyzing PBF Stock Performance
During the last five days, there has been a surge of approximately 6.65%. Over the course of the year, PBF Energy Inc shares have dropped approximately -24.43%. Shares of the company reached a 52-week high of $62.88 on 04/05/24 and a 52-week low of $30.61 on 09/11/24. A 50-day SMA is recorded $36.13, while a 200-day SMA reached $45.78. Nevertheless, trading volume fell to 2.25 million shares from 1.7 million shares the previous day.
Support And Resistance Levels for PBF Energy Inc (PBF)
According to the 24-hour chart, there is a support level at 32.71, which, if violated, would cause prices to drop to 32.20. In the upper region, resistance lies at 34.02. The next price resistance is at 34.82. RSI (Relative Strength Index) is 45.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.31, which suggests the price will decrease in the coming days. Percent R is at 32.73%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
