The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Bunge Global SA shares valued at $2,065,200 were sold by Dimopoulos Christos on May 22 ’24. At $103.26 per share, Dimopoulos Christos sold 20,000 shares. The insider’s holdings dropped to 87,999 shares worth approximately $7.36 million following the completion of this transaction.
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As published in a research note from Citigroup on August 01, 2024, Bunge Global SA [BG] has been rated down from a Buy to a Neutral and the price target has been revised to $114 from $125. Analysts at HSBC Securities upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early February. As of February 01, 2024, Citigroup has initiated its “Buy” rating for BG. Earlier on January 10, 2024, Wolfe Research downgraded its rating. Their new recommendation was “a Peer perform” for BG stock which previously was a “an Outperform”.
Analyzing BG Stock Performance
During the last five days, there has been a drop of approximately -3.03%. Over the course of the year, Bunge Global SA shares have dropped approximately -17.20%. Shares of the company reached a 52-week high of $114.92 on 07/26/24 and a 52-week low of $82.18 on 11/05/24. A 50-day SMA is recorded $89.47, while a 200-day SMA reached $99.19. Nevertheless, trading volume fell to 1.27 million shares from 1.21 million shares the previous day.
Support And Resistance Levels for Bunge Global SA (BG)
According to the 24-hour chart, there is a support level at 83.03, which, if violated, would cause prices to drop to 82.48. In the upper region, resistance lies at 84.57. The next price resistance is at 85.56. RSI (Relative Strength Index) is 35.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.57, which suggests the price will decrease in the coming days. Percent R is at 98.16%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
