Builders Firstsource Inc’s recently made public that its EVP & CFO Beckmann Pete unloaded Company’s shares for reported $0.52 million on Nov 15 ’24. In the deal valued at $178.28 per share,2,889 shares were sold. As a result of this transaction, Beckmann Pete now holds 38,598 shares worth roughly $6.18 million.
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Then, Beckmann Jami bought 2,889 shares, generating $515,064 in total proceeds.
Before that, CHRISTOPHE CLEVELAND A sold 10,000 shares. Builders Firstsource Inc shares valued at $1,784,100 were divested by the Director at a price of $178.41 per share. As a result of the transaction, CHRISTOPHE CLEVELAND A now holds 33,083 shares, worth roughly $5.3 million.
UBS initiated its Builders Firstsource Inc [BLDR] rating to a Buy in a research note published on October 25, 2024; the price target was $232. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in early October with a ‘”a Buy”‘ rating. Truist also remained covering BLDR and has increased its forecast on September 16, 2024 with a “Buy” recommendation from previously “Hold” rating. Robert W. Baird revised its rating on August 07, 2024. It rated BLDR as “an Outperform” which previously was an “a Neutral”.
Price Performance Review of BLDR
On Tuesday, Builders Firstsource Inc [NYSE:BLDR] saw its stock fall -0.28% to $160.12. Over the last five days, the stock has lost -6.22%. Builders Firstsource Inc shares have fallen nearly -4.09% since the year began. Nevertheless, the stocks have fallen -1.47% over the past one year. While a 52-week high of $214.70 was reached on 03/21/24, a 52-week low of $130.75 was recorded on 07/05/24. SMA at 50 days reached $180.58, while 200 days put it at $174.75.
Levels Of Support And Resistance For BLDR Stock
The 24-hour chart illustrates a support level at 158.68, which if violated will result in even more drops to 157.24. On the upside, there is a resistance level at 161.58. A further resistance level may holdings at 163.05. The Relative Strength Index (RSI) on the 14-day chart is 29.40, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -12.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.45%. Stochastics %K at 5.38% indicates the stock is a buying.
How much short interest is there in Builders Firstsource Inc?
A steep rise in short interest was recorded in Builders Firstsource Inc stocks on 2024-11-29, dropping by -0.37 million shares to a total of 2.11 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 2.48 million shares. There was a decline of -17.4%, which implies that there is a negative sentiment for the stock.
