PBF Energy Inc’s recent filing unveils that its Add’l Rep. Persons-see Ex.99-1 Control Empresarial de Capital acquired Company’s shares for reported $1.7 million on Sep 30 ’24. In the deal valued at $30.85 per share,55,000 shares were bought. As a result of this transaction, Control Empresarial de Capital now holds 23,462,398 shares worth roughly $774.02 million.
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Then, Control Empresarial de Capital bought 150,000 shares, generating $4,767,915 in total proceeds. Upon buying the shares at $31.79, the Add’l Rep. Persons-see Ex.99-1 now owns 23,367,398 shares.
Before that, Control Empresarial de Capital bought 40,000 shares. PBF Energy Inc shares valued at $1,237,024 were divested by the Add’l Rep. Persons-see Ex.99-1 at a price of $30.93 per share. As a result of the transaction, Control Empresarial de Capital now holds 23,407,398 shares, worth roughly $772.21 million.
BMO Capital Markets downgraded its PBF Energy Inc [PBF] rating to a Market perform from a an Outperform in a research note published on October 04, 2024; the price target was decreased to $35 from $42. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in early October from “an Overweight” to “a Neutral”. Piper Sandler also remained covering PBF and has decreased its forecast on September 20, 2024 with a “an Underweight” recommendation from previously “Neutral” rating. Tudor Pickering Holt & Co. revised its rating on September 09, 2024. It rated PBF as “a Sell” which previously was an “a Hold”.
Price Performance Review of PBF
On Friday, PBF Energy Inc [NYSE:PBF] saw its stock fall -2.11% to $32.99. Over the last five days, the stock has gained 5.16%. PBF Energy Inc shares have fallen nearly -24.95% since the year began. Nevertheless, the stocks have fallen -27.73% over the past one year. While a 52-week high of $62.88 was reached on 04/05/24, a 52-week low of $30.17 was recorded on 10/01/24. SMA at 50 days reached $34.27, while 200 days put it at $45.15.
Levels Of Support And Resistance For PBF Stock
The 24-hour chart illustrates a support level at 32.41, which if violated will result in even more drops to 31.84. On the upside, there is a resistance level at 33.89. A further resistance level may holdings at 34.80. The Relative Strength Index (RSI) on the 14-day chart is 51.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 31.88%. Stochastics %K at 59.50% indicates the stock is a holding.
How much short interest is there in PBF Energy Inc?
A steep rise in short interest was recorded in PBF Energy Inc stocks on 2024-09-13, growing by 3.18 million shares to a total of 13.32 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 10.14 million shares. There was a rise of 23.87%, which implies that there is a positive sentiment for the stock.
