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Buckle, Inc (BKE) receives a Neutral rating from UBS

In a filing, Buckle, Inc revealed its President & CEO NELSON DENNIS H unloaded Company’s shares for reported $0.88 million on Nov 04 ’24. In the deal valued at $42.90 per share,20,453 shares were sold. As a result of this transaction, NELSON DENNIS H now holds 1,822,546 shares worth roughly $89.05 million.

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Then, NELSON DENNIS H sold 20,453 shares, generating $879,416 in total proceeds. Upon selling the shares at $43.00, the President & CEO now owns 1,842,999 shares.

Before that, Dennis H. Nelson bought 98,952 shares. Buckle, Inc shares valued at $4,318,265 were divested by the Officer at a price of $43.64 per share.

UBS upgraded its Buckle, Inc [BKE] rating to a Neutral from a a Sell in a research note published on November 12, 2024; the price target was increased to $46 from $31. A number of analysts have revised their coverage, including UBS’s analysts, who decreased its forecast for the stock in early January from “a Neutral” to “a Sell”. UBS began covering BKE with “Neutral” recommendation on April 10, 2023. Sidoti started covering the stock on December 14, 2021. It rated BKE as “a Buy”.

Price Performance Review of BKE

On Friday, Buckle, Inc [NYSE:BKE] saw its stock jump 2.54% to $48.86. Over the last five days, the stock has gained 1.96%. Buckle, Inc shares have risen nearly 9.06% since the year began. Nevertheless, the stocks have risen 36.45% over the past one year. While a 52-week high of $49.78 was reached on 11/14/24, a 52-week low of $34.87 was recorded on 06/17/24. SMA at 50 days reached $44.17, while 200 days put it at $40.24.

Levels Of Support And Resistance For BKE Stock

The 24-hour chart illustrates a support level at 47.03, which if violated will result in even more drops to 45.19. On the upside, there is a resistance level at 50.20. A further resistance level may holdings at 51.53. The Relative Strength Index (RSI) on the 14-day chart is 68.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.94, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 13.07%. Stochastics %K at 75.29% indicates the stock is a holding.

How much short interest is there in Buckle, Inc?

A steep rise in short interest was recorded in Buckle, Inc stocks on 2024-10-31, dropping by -0.14 million shares to a total of 2.76 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.9 million shares. There was a decline of -5.16%, which implies that there is a negative sentiment for the stock.

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