Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. PBF Energy Inc shares valued at $1,696,624 were purchased by Control Empresarial de Capital on Sep 30 ’24. At $30.85 per share, Control Empresarial de Capital acquired 55,000 shares. The insider’s holdings grew to 23,462,398 shares worth approximately $760.18 million following the completion of this transaction.
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Also, Control Empresarial de Capital purchased 150,000 shares, netting a total of over 4,767,915 in proceeds. Following the buying of shares at $31.79 each, the insider now holds 23,367,398 shares.
Before that, Control Empresarial de Capital had added 40,000 shares to its account. In a trade valued at $1,237,024, the Add’l Rep. Persons-see Ex.99-1 bought PBF Energy Inc shares for $30.93 each. Upon closing the transaction, the insider’s holdings increased to 40,000 shares, worth approximately $758.4 million.
As published in a research note from BMO Capital Markets on October 04, 2024, PBF Energy Inc [PBF] has been rated down from an Outperform to a Market perform and the price target has been revised to $35 from $42. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in early October. As of September 20, 2024, Piper Sandler has decreased its “Neutral” rating to a “an Underweight” for PBF. Earlier on September 09, 2024, Tudor Pickering Holt & Co. downgraded its rating. Their new recommendation was “a Sell” for PBF stock which previously was a “a Hold”.
Analyzing PBF Stock Performance
During the last five days, there has been a surge of approximately 0.03%. Over the course of the year, PBF Energy Inc shares have dropped approximately -26.30%. Shares of the company reached a 52-week high of $62.88 on 04/05/24 and a 52-week low of $30.17 on 10/01/24. A 50-day SMA is recorded $33.32, while a 200-day SMA reached $44.65. Nevertheless, trading volume fell to 1.66 million shares from 3.79 million shares the previous day.
Support And Resistance Levels for PBF Energy Inc (PBF)
According to the 24-hour chart, there is a support level at 31.90, which, if violated, would cause prices to drop to 31.41. In the upper region, resistance lies at 32.72. The next price resistance is at 33.04. RSI (Relative Strength Index) is 48.69 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.09, which suggests the price will decrease in the coming days. Percent R is at 44.94%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
