Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Bloom Energy Corp shares valued at $26,686 were sold by Chitoori Satish on Dec 16 ’24. At $25.61 per share, Chitoori Satish sold 1,042 shares. The insider’s holdings dropped to 185,456 shares worth approximately $4.35 million following the completion of this transaction.
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Also, SATISH PRABHU CHITOORI purchased 1,042 shares, netting a total of over 26,680 in proceeds.
Before that, Sridhar KR had sold 72,903 shares from its account. In a trade valued at $1,824,033, the Chairman & CEO traded Bloom Energy Corp shares for $25.02 each. Upon closing the transaction, the insider’s holdings decreased to 72,903 shares, worth approximately $43.86 million.
As published in their initiating research note from ROTH MKM on December 11, 2024, Bloom Energy Corp [BE] has been a Neutral and the price target has been revised to $25. Analysts at HSBC Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid November. As of November 15, 2024, Piper Sandler has increased its “Neutral” rating to a “an Overweight” for BE. Earlier on September 06, 2024, Jefferies downgraded its rating. Their new recommendation was “a Hold” for BE stock which previously was a “a Buy”.
Analyzing BE Stock Performance
During the last five days, there has been a drop of approximately -0.59%. Over the course of the year, Bloom Energy Corp shares have jumped approximately 58.51%. Shares of the company reached a 52-week high of $28.70 on 11/27/24 and a 52-week low of $8.41 on 02/23/24. A 50-day SMA is recorded $17.43, while a 200-day SMA reached $13.34. Nevertheless, trading volume fell to 4.83 million shares from 5.11 million shares the previous day.
Support And Resistance Levels for Bloom Energy Corp (BE)
According to the 24-hour chart, there is a support level at 22.41, which, if violated, would cause prices to drop to 21.36. In the upper region, resistance lies at 24.98. The next price resistance is at 26.51. RSI (Relative Strength Index) is 53.04 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.80, which suggests the price will decrease in the coming days. Percent R is at 87.24%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
