Bloom Energy Corp’s recent filing unveils that its insider SODERBERG SHAWN MARIE unloaded Company’s shares for reported $21903.0 on Oct 16 ’24. In the deal valued at $10.50 per share,2,086 shares were sold. As a result of this transaction, SODERBERG SHAWN MARIE now holds 169,850 shares worth roughly $2.3 million.
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Then, SHAWN SODERBERG bought 2,086 shares, generating $21,820 in total proceeds.
Before that, Chitoori Satish sold 4,785 shares. Bloom Energy Corp shares valued at $47,180 were divested by the Chief Operations Officer at a price of $9.86 per share. As a result of the transaction, Chitoori Satish now holds 186,498 shares, worth roughly $2.53 million.
Jefferies downgraded its Bloom Energy Corp [BE] rating to a Hold from a a Buy in a research note published on September 06, 2024; the price target was decreased to $11 from $15. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in early May has reiterated a ‘”a Hold”‘ rating for it. Evercore ISI began covering BE with “an Outperform” recommendation on April 01, 2024. Truist revised its rating on March 06, 2024. It rated BE as “a Hold” which previously was an “a Sell”.
Price Performance Review of BE
On Tuesday, Bloom Energy Corp [NYSE:BE] saw its stock fall -0.59% to $13.54. Over the last five days, the stock has gained 18.77%. Bloom Energy Corp shares have fallen nearly -8.51% since the year began. Nevertheless, the stocks have risen 28.46% over the past one year. While a 52-week high of $18.14 was reached on 05/22/24, a 52-week low of $8.41 was recorded on 02/23/24. SMA at 50 days reached $10.51, while 200 days put it at $11.60.
Levels Of Support And Resistance For BE Stock
The 24-hour chart illustrates a support level at 13.03, which if violated will result in even more drops to 12.53. On the upside, there is a resistance level at 13.81. A further resistance level may holdings at 14.09. The Relative Strength Index (RSI) on the 14-day chart is 71.13, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.53, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.03%. Stochastics %K at 94.19% indicates the stock is a selling.
How much short interest is there in Bloom Energy Corp?
A steep rise in short interest was recorded in Bloom Energy Corp stocks on 2024-10-31, growing by 3.85 million shares to a total of 43.8 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 39.95 million shares. There was a rise of 8.78%, which implies that there is a positive sentiment for the stock.
