Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Buckle, Inc shares valued at $1,087,742 were sold by NELSON DENNIS H on Dec 02 ’24. At $53.18 per share, NELSON DENNIS H sold 20,453 shares. The insider’s holdings dropped to 1,781,640 shares worth approximately $93.63 million following the completion of this transaction.
Also, HOFFMAN MICHELLE sold 10,000 shares, netting a total of over 516,639 in proceeds. Following the sale of shares at $51.66 each, the insider now holds 81,882 shares.
Before that, RHOADS KAREN B had sold 9,500 shares from its account. In a trade valued at $490,497, the Director traded Buckle, Inc shares for $51.63 each. Upon closing the transaction, the insider’s holdings decreased to 9,500 shares, worth approximately $11.25 million.
As published in a research note from UBS on November 12, 2024, Buckle, Inc [BKE] has been rated up from a Sell to a Neutral and the price target has been revised to $46 from $31. Analysts at UBS downgraded the stock from ‘”a Neutral”‘ to ‘”a Sell”‘ outlook in a report released in early January. As of April 10, 2023, UBS has initiated its “Neutral” rating for BKE. Earlier on December 14, 2021, Sidoti initiated its rating. Their recommendation was “a Buy” for BKE stock.
Analyzing BKE Stock Performance
During the last five days, there has been a surge of approximately 2.56%. Over the course of the year, Buckle, Inc shares have jumped approximately 17.29%. Shares of the company reached a 52-week high of $54.25 on 12/03/24 and a 52-week low of $34.87 on 06/17/24. A 50-day SMA is recorded $45.58, while a 200-day SMA reached $40.77. Nevertheless, trading volume fell to 0.46 million shares from 0.66 million shares the previous day.
Support And Resistance Levels for Buckle, Inc (BKE)
According to the 24-hour chart, there is a support level at 51.60, which, if violated, would cause prices to drop to 50.64. In the upper region, resistance lies at 53.31. The next price resistance is at 54.06. RSI (Relative Strength Index) is 67.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.76, which suggests the price will increase in the coming days. Percent R is at 20.86%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
