In a filing, Bloom Energy Corp revealed its insider SODERBERG SHAWN MARIE unloaded Company’s shares for reported $31658.0 on Nov 18 ’24. In the deal valued at $24.56 per share,1,289 shares were sold. As a result of this transaction, SODERBERG SHAWN MARIE now holds 168,561 shares worth roughly $4.0 million.
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Then, ZERVIGON EDDY bought 20,000 shares, generating $478,400 in total proceeds.
Before that, SHAWN SODERBERG bought 1,289 shares. Bloom Energy Corp shares valued at $27,249 were divested by the Officer at a price of $21.14 per share.
Piper Sandler upgraded its Bloom Energy Corp [BE] rating to an Overweight from a a Neutral in a research note published on November 15, 2024; the price target was increased to $20 from $10. A number of analysts have revised their coverage, including Jefferies’s analysts, who decreased its forecast for the stock in early September from “a Buy” to “a Hold”. TD Cowen also remained covering BE and reiterated its “Hold” recommendation on May 10, 2024. Evercore ISI started covering the stock on April 01, 2024. It rated BE as “an Outperform”.
Price Performance Review of BE
On Tuesday, Bloom Energy Corp [NYSE:BE] saw its stock jump 4.12% to $23.75. Over the last five days, the stock has gained 75.41%. Bloom Energy Corp shares have risen nearly 60.47% since the year began. Nevertheless, the stocks have risen 88.94% over the past one year. While a 52-week high of $24.92 was reached on 11/18/24, a 52-week low of $8.41 was recorded on 02/23/24. SMA at 50 days reached $11.36, while 200 days put it at $11.78.
Levels Of Support And Resistance For BE Stock
The 24-hour chart illustrates a support level at 22.53, which if violated will result in even more drops to 21.31. On the upside, there is a resistance level at 24.61. A further resistance level may holdings at 25.47. The Relative Strength Index (RSI) on the 14-day chart is 88.91, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 8.40, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.65%. Stochastics %K at 89.35% 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.
