Builders Firstsource Inc’s recent filing unveils that its Director Steinke Craig Arthur unloaded Company’s shares for reported $4.61 million on Aug 08 ’24. In the deal valued at $153.68 per share,30,000 shares were sold. As a result of this transaction, Steinke Craig Arthur now holds 95,333 shares worth roughly $18.32 million.
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Then, Steinke Craig Arthur bought 30,000 shares, generating $4,610,379 in total proceeds.
Before that, Hiller Michael sold 4,875 shares. Builders Firstsource Inc shares valued at $776,344 were divested by the President – Central Division at a price of $159.25 per share. As a result of the transaction, Hiller Michael now holds 30,106 shares, worth roughly $5.79 million.
Truist upgraded its Builders Firstsource Inc [BLDR] rating to a Buy from a a Hold in a research note published on September 16, 2024; the price target was increased to $220 from $165. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who increased its forecast for the stock in early August from “a Neutral” to “an Outperform”. BofA Securities also remained covering BLDR and has decreased its forecast on August 02, 2024 with a “Neutral” recommendation from previously “Buy” rating. BofA Securities revised its rating on January 29, 2024. It rated BLDR as “a Buy” which previously was an “a Neutral”.
Price Performance Review of BLDR
On Monday, Builders Firstsource Inc [NYSE:BLDR] saw its stock fall -0.05% to $192.18. Over the last five days, the stock has lost -0.87%. Builders Firstsource Inc shares have risen nearly 15.12% since the year began. Nevertheless, the stocks have risen 60.19% over the past one year. While a 52-week high of $214.70 was reached on 03/21/24, a 52-week low of $105.24 was recorded on 07/05/24. SMA at 50 days reached $174.85, while 200 days put it at $173.59.
Levels Of Support And Resistance For BLDR Stock
The 24-hour chart illustrates a support level at 188.33, which if violated will result in even more drops to 184.47. On the upside, there is a resistance level at 194.41. A further resistance level may holdings at 196.63. The Relative Strength Index (RSI) on the 14-day chart is 59.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.67%. Stochastics %K at 39.50% indicates the stock is a holding.
How much short interest is there in Builders Firstsource Inc?
A steep rise in short interest was recorded in Builders Firstsource Inc stocks on 2024-09-13, growing by 0.31 million shares to a total of 3.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 3.26 million shares. There was a rise of 8.65%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on January 19, 2024 when Oppenheimer began covering the stock and recommended ‘”an Outperform”‘ rating along with a $220 price target.
