Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Builders Firstsource Inc shares valued at $1,784,066 were purchased by CHRISTOPHE CLEVELAND A on Nov 07 ’24. At $178.41 per share, CHRISTOPHE CLEVELAND A acquired 10,000 shares.
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Also, Steinke Craig Arthur sold 30,000 shares, netting a total of over 4,610,400 in proceeds. Following the sale of shares at $153.68 each, the insider now holds 95,333 shares.
Before that, Steinke Craig Arthur had added 30,000 shares to its account. In a trade valued at $4,610,379, the Director bought Builders Firstsource Inc shares for $153.68 each.
As published in their initiating research note from UBS on October 25, 2024, Builders Firstsource Inc [BLDR] has been a Buy and the price target has been revised to $232. Analysts at Goldman started covering the stock with ‘”a Buy”‘ outlook in a report released in early October. As of September 16, 2024, Truist has increased its “Hold” rating to a “Buy” for BLDR. Earlier on August 07, 2024, Robert W. Baird upgraded its rating. Their new recommendation was “an Outperform” for BLDR stock which previously was a “a Neutral”.
Analyzing BLDR Stock Performance
During the last five days, there has been a surge of approximately 4.54%. Over the course of the year, Builders Firstsource Inc shares have jumped approximately 7.34%. Shares of the company reached a 52-week high of $214.70 on 03/21/24 and a 52-week low of $130.75 on 07/05/24. A 50-day SMA is recorded $184.67, while a 200-day SMA reached $175.70. Nevertheless, trading volume fell to 1.82 million shares from 3.33 million shares the previous day.
Support And Resistance Levels for Builders Firstsource Inc (BLDR)
According to the 24-hour chart, there is a support level at 176.27, which, if violated, would cause prices to drop to 173.36. In the upper region, resistance lies at 180.99. The next price resistance is at 182.80. RSI (Relative Strength Index) is 46.74 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.18, which suggests the price will increase in the coming days. Percent R is at 57.61%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
