Black Hills Corporation’s recent filing unveils that its Director Roberts Rebecca B unloaded Company’s shares for reported $0.17 million on May 30 ’24. In the deal valued at $54.84 per share,3,094 shares were sold. As a result of this transaction, Roberts Rebecca B now holds 7,956 shares worth roughly $-0.48 million.
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Mizuho upgraded its Black Hills Corporation [BKH] rating to a Neutral from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who decreased its forecast for the stock in early February from “an Outperform” to “a Sector perform”. Sidoti also remained covering BKH and has decreased its forecast on February 09, 2023 with a “Neutral” recommendation from previously “Buy” rating. Mizuho revised its rating on February 09, 2023. It rated BKH as “an Underperform” which previously was an “a Neutral”.
Price Performance Review of BKH
On Monday, Black Hills Corporation [NYSE:BKH] saw its stock jump 1.92% to $60.45. Over the last five days, the stock has gained 2.25%. Black Hills Corporation shares have risen nearly 12.05% since the year began. Nevertheless, the stocks have risen 21.51% over the past one year. While a 52-week high of $61.96 was reached on 09/24/24, a 52-week low of $47.49 was recorded on 02/07/24. SMA at 50 days reached $59.22, while 200 days put it at $55.33.
Levels Of Support And Resistance For BKH Stock
The 24-hour chart illustrates a support level at 59.55, which if violated will result in even more drops to 58.65. On the upside, there is a resistance level at 61.09. A further resistance level may holdings at 61.74. The Relative Strength Index (RSI) on the 14-day chart is 55.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.46%. Stochastics %K at 29.96% indicates the stock is a holding.
How much short interest is there in Black Hills Corporation?
A steep rise in short interest was recorded in Black Hills Corporation stocks on 2024-09-30, growing by 0.15 million shares to a total of 2.16 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 2.01 million shares. There was a rise of 6.95%, which implies that there is a positive sentiment for the stock.
