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 $9,288,528 were purchased by Control Empresarial de Capital on Oct 29 ’24. At $29.58 per share, Control Empresarial de Capital acquired 314,000 shares. The insider’s holdings grew to 25,340,498 shares worth approximately $730.57 million following the completion of this transaction.
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Also, Control Empresarial de Capital purchased 75,000 shares, netting a total of over 2,368,800 in proceeds. Following the buying of shares at $31.58 each, the insider now holds 25,026,498 shares.
Before that, Control Empresarial de Capital had added 287,100 shares to its account. In a trade valued at $9,160,528, the Add’l Rep. Persons-see Ex.99-1 bought PBF Energy Inc shares for $31.91 each. Upon closing the transaction, the insider’s holdings increased to 287,100 shares, worth approximately $713.59 million.
Analysts at BMO Capital Markets downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in early October. As of October 02, 2024, JP Morgan has decreased its “an Overweight” rating to a “Neutral” for PBF. Earlier on September 20, 2024, Piper Sandler downgraded its rating. Their new recommendation was “an Underweight” for PBF stock which previously was a “a Neutral”.
Analyzing PBF Stock Performance
During the last five days, there has been a drop of approximately -10.38%. Over the course of the year, PBF Energy Inc shares have dropped approximately -34.42%. Shares of the company reached a 52-week high of $62.88 on 04/05/24 and a 52-week low of $28.75 on 10/30/24. A 50-day SMA is recorded $32.39, while a 200-day SMA reached $44.12. Nevertheless, trading volume fell to 3.8 million shares from 5.15 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 28.59, which, if violated, would cause prices to drop to 28.35. In the upper region, resistance lies at 29.23. The next price resistance is at 29.63. RSI (Relative Strength Index) is 33.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.21, which suggests the price will decrease in the coming days. Percent R is at 98.51%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
