Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Bloom Energy Corp shares valued at $21,903 were sold by SODERBERG SHAWN MARIE on Oct 16 ’24. At $10.50 per share, SODERBERG SHAWN MARIE sold 2,086 shares. The insider’s holdings dropped to 169,850 shares worth approximately $1.73 million following the completion of this transaction.
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Also, SHAWN SODERBERG purchased 2,086 shares, netting a total of over 21,820 in proceeds.
Before that, Chitoori Satish had sold 4,785 shares from its account. In a trade valued at $47,180, the Chief Operations Officer traded Bloom Energy Corp shares for $9.86 each. Upon closing the transaction, the insider’s holdings decreased to 4,785 shares, worth approximately $1.89 million.
As published in a research note from Jefferies on September 06, 2024, Bloom Energy Corp [BE] has been rated down from a Buy to a Hold and the price target has been revised to $11 from $15. Analysts at TD Cowen resumed the stock at ‘”a Hold”‘ outlook in a report released in early May. As of April 01, 2024, Evercore ISI has initiated its “an Outperform” rating for BE. Earlier on March 06, 2024, Truist upgraded its rating. Their new recommendation was “a Hold” for BE stock which previously was a “a Sell”.
Analyzing BE Stock Performance
During the last five days, there has been a drop of approximately -0.59%. Over the course of the year, Bloom Energy Corp shares have dropped approximately -31.35%. Shares of the company reached a 52-week high of $18.14 on 05/22/24 and a 52-week low of $8.41 on 02/23/24. A 50-day SMA is recorded $10.83, while a 200-day SMA reached $11.77. Nevertheless, trading volume fell to 3.81 million shares from 2.85 million shares the previous day.
Support And Resistance Levels for Bloom Energy Corp (BE)
According to the 24-hour chart, there is a support level at 10.01, which, if violated, would cause prices to drop to 9.87. In the upper region, resistance lies at 10.37. The next price resistance is at 10.58. RSI (Relative Strength Index) is 44.21 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.13, which suggests the price will decrease in the coming days. Percent R is at 70.09%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
