Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Benchmark Electronics Inc shares valued at $281,880 were sold by Turner Rhonda R on Nov 19 ’24. At $46.98 per share, Turner Rhonda R sold 6,000 shares. The insider’s holdings dropped to 47,991 shares worth approximately $2.31 million following the completion of this transaction.
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Also, RHONDA BUSEMAN purchased 6,000 shares, netting a total of over 281,100 in proceeds.
Before that, Beaver Stephen J had sold 5,000 shares from its account. In a trade valued at $252,350, the SVP, General Counsel and CLO traded Benchmark Electronics Inc shares for $50.47 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $4.09 million.
As published in a research note from Fox Advisors on May 15, 2024, Benchmark Electronics Inc [BHE] has been rated down from an Overweight to an Equal weight. Analysts at Sidoti downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late April. As of August 24, 2022, Fox Advisors has initiated its “an Overweight” rating for BHE. Earlier on July 29, 2021, Sidoti upgraded its rating. Their new recommendation was “a Buy” for BHE stock which previously was a “a Neutral”.
Analyzing BHE Stock Performance
During the last five days, there has been a surge of approximately 2.15%. Over the course of the year, Benchmark Electronics Inc shares have jumped approximately 73.84%. Shares of the company reached a 52-week high of $52.57 on 11/11/24 and a 52-week low of $25.35 on 01/17/24. A 50-day SMA is recorded $45.64, while a 200-day SMA reached $39.23. Nevertheless, trading volume fell to 0.13 million shares from 0.2 million shares the previous day.
Support And Resistance Levels for Benchmark Electronics Inc (BHE)
According to the 24-hour chart, there is a support level at 47.60, which, if violated, would cause prices to drop to 47.15. In the upper region, resistance lies at 48.62. The next price resistance is at 49.19. RSI (Relative Strength Index) is 54.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.17, which suggests the price will decrease in the coming days. Percent R is at 68.90%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
