PBF Energy Inc’s recent filing unveils that its Add’l Rep. Persons-see Ex.99-1 Control Empresarial de Capital acquired Company’s shares for reported $6.48 million on Dec 12 ’24. In the deal valued at $29.58 per share,219,000 shares were bought. As a result of this transaction, Control Empresarial de Capital now holds 28,285,498 shares worth roughly $787.47 million.
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Then, Control Empresarial de Capital bought 66,000 shares, generating $1,982,647 in total proceeds. Upon buying the shares at $30.04, the Add’l Rep. Persons-see Ex.99-1 now owns 28,066,498 shares.
Before that, Control Empresarial de Capital bought 137,000 shares. PBF Energy Inc shares valued at $4,100,040 were divested by the Add’l Rep. Persons-see Ex.99-1 at a price of $29.93 per share. As a result of the transaction, Control Empresarial de Capital now holds 28,000,498 shares, worth roughly $779.53 million.
Mizuho downgraded its PBF Energy Inc [PBF] rating to an Underperform from a a Neutral in a research note published on December 16, 2024; the price target was decreased to $31 from $33. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in early December from “an Overweight” to “an Equal weight”. TD Cowen also remained covering PBF and reiterated its “Hold” recommendation on November 01, 2024.
Price Performance Review of PBF
On Monday, PBF Energy Inc [NYSE:PBF] saw its stock fall -4.85% to $27.84. Over the last five days, the stock has lost -8.72%. PBF Energy Inc shares have fallen nearly -36.67% since the year began. Nevertheless, the stocks have fallen -35.33% over the past one year. While a 52-week high of $62.88 was reached on 04/05/24, a 52-week low of $27.94 was recorded on 12/16/24. SMA at 50 days reached $31.18, while 200 days put it at $41.29.
Levels Of Support And Resistance For PBF Stock
The 24-hour chart illustrates a support level at 27.36, which if violated will result in even more drops to 26.89. On the upside, there is a resistance level at 28.63. A further resistance level may holdings at 29.43. The Relative Strength Index (RSI) on the 14-day chart is 30.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.76, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.07%. Stochastics %K at 6.10% indicates the stock is a buying.
How much short interest is there in PBF Energy Inc?
A steep rise in short interest was recorded in PBF Energy Inc stocks on 2024-11-29, growing by 0.22 million shares to a total of 10.93 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 10.71 million shares. There was a rise of 2.0%, which implies that there is a positive sentiment for the stock.
