Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. PBF Energy Inc shares valued at $4,100,040 were purchased by Control Empresarial de Capital on Dec 06 ’24. At $29.93 per share, Control Empresarial de Capital acquired 137,000 shares. The insider’s holdings grew to 28,000,498 shares worth approximately $832.17 million following the completion of this transaction.
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Also, Control Empresarial de Capital purchased 300,000 shares, netting a total of over 9,245,400 in proceeds. Following the buying of shares at $30.82 each, the insider now holds 27,863,498 shares.
Before that, Control Empresarial de Capital had added 409,000 shares to its account. In a trade valued at $12,916,956, the Add’l Rep. Persons-see Ex.99-1 bought PBF Energy Inc shares for $31.58 each. Upon closing the transaction, the insider’s holdings increased to 409,000 shares, worth approximately $813.39 million.
As published in a research note from Wells Fargo on December 09, 2024, PBF Energy Inc [PBF] has been rated down from an Overweight to an Equal weight and the price target has been revised to $34 from $39. Analysts at TD Cowen resumed the stock at ‘”a Hold”‘ outlook in a report released in early November. Earlier on October 04, 2024, BMO Capital Markets downgraded its rating. Their new recommendation was “a Market perform” for PBF stock which previously was a “an Outperform”.
Analyzing PBF Stock Performance
During the last five days, there has been a drop of approximately -3.51%. Over the course of the year, PBF Energy Inc shares have dropped approximately -32.39%. Shares of the company reached a 52-week high of $62.88 on 04/05/24 and a 52-week low of $27.94 on 11/01/24. A 50-day SMA is recorded $31.37, while a 200-day SMA reached $41.49. Nevertheless, trading volume fell to 1.89 million shares from 1.65 million shares the previous day.
Support And Resistance Levels for PBF Energy Inc (PBF)
According to the 24-hour chart, there is a support level at 29.18, which, if violated, would cause prices to drop to 28.65. In the upper region, resistance lies at 30.40. The next price resistance is at 31.09. RSI (Relative Strength Index) is 39.77 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.89, which suggests the price will decrease in the coming days. Percent R is at 89.76%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
