Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Black Hills Corporation shares valued at $169,687 were sold by Roberts Rebecca B on May 30 ’24. At $54.84 per share, Roberts Rebecca B sold 3,094 shares. The insider’s holdings dropped to 7,956 shares worth approximately $0.49 million following the completion of this transaction.
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As published in a research note from Mizuho on November 21, 2023, Black Hills Corporation [BKH] has been rated up from an Underperform to a Neutral and the price target has been revised to $53. Analysts at RBC Capital Mkts downgraded the stock from ‘”an Outperform”‘ to ‘”a Sector perform”‘ outlook in a report released in early February. As of February 09, 2023, Sidoti has decreased its “Buy” rating to a “Neutral” for BKH. Earlier on February 09, 2023, Mizuho downgraded its rating. Their new recommendation was “an Underperform” for BKH stock which previously was a “a Neutral”.
Analyzing BKH Stock Performance
During the last five days, there has been a surge of approximately 5.17%. Over the course of the year, Black Hills Corporation shares have jumped approximately 14.64%. Shares of the company reached a 52-week high of $62.20 on 10/16/24 and a 52-week low of $49.33 on 02/07/24. A 50-day SMA is recorded $59.50, while a 200-day SMA reached $55.43. Nevertheless, trading volume fell to 0.61 million shares from 0.38 million shares the previous day.
Support And Resistance Levels for Black Hills Corporation (BKH)
According to the 24-hour chart, there is a support level at 61.57, which, if violated, would cause prices to drop to 61.29. In the upper region, resistance lies at 62.16. The next price resistance is at 62.47. RSI (Relative Strength Index) is 63.98 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.35, which suggests the price will increase in the coming days. Percent R is at 9.78%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
