Bunge Global SA’s recent filing unveils that its Co-President, Agribusiness Dimopoulos Christos unloaded Company’s shares for reported $2.07 million on May 22 ’24. In the deal valued at $103.26 per share,20,000 shares were sold. As a result of this transaction, Dimopoulos Christos now holds 87,999 shares worth roughly $8.5 million.
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Citigroup downgraded its Bunge Global SA [BG] rating to a Neutral from a a Buy in a research note published on August 01, 2024; the price target was decreased to $114 from $125. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who increased its forecast for the stock in early February from “a Hold” to “a Buy”. Citigroup began covering BG with “Buy” recommendation on February 01, 2024. Wolfe Research revised its rating on January 10, 2024. It rated BG as “a Peer perform” which previously was an “an Outperform”.
Price Performance Review of BG
On Monday, Bunge Global SA [NYSE:BG] saw its stock fall -1.12% to $96.64. Over the last five days, the stock has lost -0.82%. Bunge Global SA shares have fallen nearly -4.27% since the year began. Nevertheless, the stocks have fallen -12.63% over the past one year. While a 52-week high of $114.92 was reached on 07/26/24, a 52-week low of $86.10 was recorded on 02/07/24. SMA at 50 days reached $100.01, while 200 days put it at $100.50.
Levels Of Support And Resistance For BG Stock
The 24-hour chart illustrates a support level at 95.88, which if violated will result in even more drops to 95.13. On the upside, there is a resistance level at 97.59. A further resistance level may holdings at 98.55. The Relative Strength Index (RSI) on the 14-day chart is 45.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.86%. Stochastics %K at 40.83% indicates the stock is a holding.
How much short interest is there in Bunge Global SA?
A steep rise in short interest was recorded in Bunge Global SA stocks on 2024-09-13, dropping by -0.85 million shares to a total of 3.49 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 4.34 million shares. There was a decline of -24.19%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 15, 2023 when HSBC Securities began covering the stock and recommended ‘”a Hold”‘ rating along with a $122 price target.
