In a filing, Builders Firstsource Inc revealed its Director CHRISTOPHE CLEVELAND A unloaded Company’s shares for reported $1.78 million on Nov 07 ’24. In the deal valued at $178.41 per share,10,000 shares were sold. As a result of this transaction, CHRISTOPHE CLEVELAND A now holds 33,083 shares worth roughly $6.07 million.
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Then, CHRISTOPHE CLEVELAND A bought 10,000 shares, generating $1,784,066 in total proceeds.
Before that, Steinke Craig Arthur sold 30,000 shares. Builders Firstsource Inc shares valued at $4,610,400 were divested by the Director at a price of $153.68 per share. As a result of the transaction, Steinke Craig Arthur now holds 95,333 shares, worth roughly $17.5 million.
UBS initiated its Builders Firstsource Inc [BLDR] rating to a Buy in a research note published on October 25, 2024; the price target was $232. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in early October with a ‘”a Buy”‘ rating. Truist also remained covering BLDR and has increased its forecast on September 16, 2024 with a “Buy” recommendation from previously “Hold” rating. Robert W. Baird revised its rating on August 07, 2024. It rated BLDR as “an Outperform” which previously was an “a Neutral”.
Price Performance Review of BLDR
On Monday, Builders Firstsource Inc [NYSE:BLDR] saw its stock jump 2.94% to $183.59. Over the last five days, the stock has gained 6.47%. Builders Firstsource Inc shares have risen nearly 9.97% since the year began. Nevertheless, the stocks have risen 51.46% over the past one year. While a 52-week high of $214.70 was reached on 03/21/24, a 52-week low of $120.80 was recorded on 07/05/24. SMA at 50 days reached $184.98, while 200 days put it at $175.82.
Levels Of Support And Resistance For BLDR Stock
The 24-hour chart illustrates a support level at 179.89, which if violated will result in even more drops to 176.19. On the upside, there is a resistance level at 185.50. A further resistance level may holdings at 187.41. The Relative Strength Index (RSI) on the 14-day chart is 52.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.83, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.18%. Stochastics %K at 60.79% indicates the stock is a holding.
How much short interest is there in Builders Firstsource Inc?
A steep rise in short interest was recorded in Builders Firstsource Inc stocks on 2024-10-15, dropping by -0.83 million shares to a total of 2.74 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.57 million shares. There was a decline of -30.16%, which implies that there is a negative sentiment for the stock.
