Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. PBF Energy Inc shares valued at $2,913,200 were purchased by Control Empresarial de Capital on Dec 13 ’24. At $29.13 per share, Control Empresarial de Capital acquired 100,000 shares. The insider’s holdings grew to 28,385,498 shares worth approximately $722.69 million following the completion of this transaction.
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Also, Control Empresarial de Capital purchased 88,000 shares, netting a total of over 2,443,962 in proceeds. Following the buying of shares at $27.77 each, the insider now holds 28,473,498 shares.
Before that, Control Empresarial de Capital had added 219,000 shares to its account. In a trade valued at $6,478,086, the Add’l Rep. Persons-see Ex.99-1 bought PBF Energy Inc shares for $29.58 each. Upon closing the transaction, the insider’s holdings increased to 219,000 shares, worth approximately $720.15 million.
As published in a research note from Mizuho on December 16, 2024, PBF Energy Inc [PBF] has been rated down from a Neutral to an Underperform and the price target has been revised to $31 from $33. Analysts at Wells Fargo downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in early December. As of November 01, 2024, TD Cowen has reiterated its “Hold” rating for PBF.
Analyzing PBF Stock Performance
During the last five days, there has been a drop of approximately -14.33%. Over the course of the year, PBF Energy Inc shares have dropped approximately -42.08%. Shares of the company reached a 52-week high of $62.88 on 04/05/24 and a 52-week low of $25.42 on 12/19/24. A 50-day SMA is recorded $30.83, while a 200-day SMA reached $40.97. Nevertheless, trading volume fell to 2.87 million shares from 4.24 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 24.90, which, if violated, would cause prices to drop to 24.35. In the upper region, resistance lies at 26.53. The next price resistance is at 27.61. RSI (Relative Strength Index) is 22.71 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.01, which suggests the price will decrease in the coming days. Percent R is at 99.55%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
