Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Builders Firstsource Inc shares valued at $515,051 were sold by Beckmann Pete on Nov 15 ’24. At $178.28 per share, Beckmann Pete sold 2,889 shares. The insider’s holdings dropped to 38,598 shares worth approximately $6.79 million following the completion of this transaction.
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Also, Beckmann Jami purchased 2,889 shares, netting a total of over 515,064 in proceeds.
Before that, CHRISTOPHE CLEVELAND A had sold 10,000 shares from its account. In a trade valued at $1,784,100, the Director traded Builders Firstsource Inc shares for $178.41 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $5.82 million.
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 drop of approximately -2.92%. Over the course of the year, Builders Firstsource Inc shares have jumped approximately 5.37%. 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 $186.33, while a 200-day SMA reached $175.82. Nevertheless, trading volume fell to 1.51 million shares from 1.48 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 173.27, which, if violated, would cause prices to drop to 170.63. In the upper region, resistance lies at 178.07. The next price resistance is at 180.23. RSI (Relative Strength Index) is 44.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.71, which suggests the price will decrease in the coming days. Percent R is at 55.13%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
