PBF Energy Inc’s filing revealed that its Add’l Rep. Persons-see Ex.99-1 Control Empresarial de Capital acquired Company’s shares for reported $9.16 million on Oct 23 ’24. In the deal valued at $31.91 per share,287,100 shares were bought. As a result of this transaction, Control Empresarial de Capital now holds 24,751,498 shares worth roughly $796.5 million.
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Then, Control Empresarial de Capital bought 200,000 shares, generating $6,352,580 in total proceeds. Upon buying the shares at $31.76, the Add’l Rep. Persons-see Ex.99-1 now owns 24,951,498 shares.
Before that, Control Empresarial de Capital bought 1,000,000 shares. PBF Energy Inc shares valued at $31,752,400 were divested by the Add’l Rep. Persons-see Ex.99-1 at a price of $31.75 per share. As a result of the transaction, Control Empresarial de Capital now holds 24,462,398 shares, worth roughly $787.2 million.
A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who decreased its forecast for the stock in early October from “an Outperform” to “a Market perform”. JP Morgan also remained covering PBF and has decreased its forecast on October 02, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. Piper Sandler revised its rating on September 20, 2024. It rated PBF as “an Underweight” which previously was an “a Neutral”.
Price Performance Review of PBF
On Friday, PBF Energy Inc [NYSE:PBF] saw its stock jump 1.04% to $32.18. Over the last five days, the stock has lost -4.51%. PBF Energy Inc shares have fallen nearly -26.80% since the year began. Nevertheless, the stocks have fallen -30.39% over the past one year. While a 52-week high of $62.88 was reached on 04/05/24, a 52-week low of $30.17 was recorded on 10/01/24. SMA at 50 days reached $32.75, while 200 days put it at $44.30.
Levels Of Support And Resistance For PBF Stock
The 24-hour chart illustrates a support level at 31.84, which if violated will result in even more drops to 31.51. On the upside, there is a resistance level at 32.58. A further resistance level may holdings at 32.99. The Relative Strength Index (RSI) on the 14-day chart is 47.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.68%. Stochastics %K at 32.25% indicates the stock is a holding.
How much short interest is there in PBF Energy Inc?
A steep rise in short interest was recorded in PBF Energy Inc stocks on 2024-10-15, dropping by -2.71 million shares to a total of 10.61 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 13.32 million shares. There was a decline of -25.5%, which implies that there is a negative sentiment for the stock.
