In a filing, Bloom Energy Corp revealed its Chief Operations Officer Chitoori Satish unloaded Company’s shares for reported $47180.0 on Sep 16 ’24. In the deal valued at $9.86 per share,4,785 shares were sold. As a result of this transaction, Chitoori Satish now holds 186,498 shares worth roughly $-1.95 million.
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Then, SATISH PRABHU CHITOORI bought 4,785 shares, generating $47,168 in total proceeds.
Before that, SODERBERG SHAWN MARIE sold 1,538 shares. Bloom Energy Corp shares valued at $17,964 were divested by the insider at a price of $11.68 per share. As a result of the transaction, SODERBERG SHAWN MARIE now holds 167,818 shares, worth roughly $1.76 million.
Jefferies downgraded its Bloom Energy Corp [BE] rating to a Hold from a a Buy in a research note published on September 06, 2024; the price target was decreased to $11 from $15. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in early May has reiterated a ‘”a Hold”‘ rating for it. Evercore ISI began covering BE with “an Outperform” recommendation on April 01, 2024. Truist revised its rating on March 06, 2024. It rated BE as “a Hold” which previously was an “a Sell”.
Price Performance Review of BE
On Monday, Bloom Energy Corp [NYSE:BE] saw its stock fall -2.61% to $10.46. Over the last five days, the stock has gained 0.97%. Bloom Energy Corp shares have fallen nearly -29.32% since the year began. Nevertheless, the stocks have fallen -8.33% over the past one year. While a 52-week high of $18.14 was reached on 05/22/24, a 52-week low of $8.41 was recorded on 02/23/24. SMA at 50 days reached $10.84, while 200 days put it at $11.84.
Levels Of Support And Resistance For BE Stock
The 24-hour chart illustrates a support level at 10.23, which if violated will result in even more drops to 9.99. On the upside, there is a resistance level at 10.73. A further resistance level may holdings at 10.99. The Relative Strength Index (RSI) on the 14-day chart is 47.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 44.44%. Stochastics %K at 52.36% indicates the stock is a holding.
How much short interest is there in Bloom Energy Corp?
A steep rise in short interest was recorded in Bloom Energy Corp stocks on 2024-09-30, dropping by -1.1 million shares to a total of 39.95 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 41.05 million shares. There was a decline of -2.75%, which implies that there is a negative sentiment for the stock.
