The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Balchem Corp shares valued at $809,565 were purchased by Lee Joyce J. on Nov 06 ’24. At $180.87 per share, Lee Joyce J. acquired 4,476 shares.
Also, Lee Joyce J. purchased 2,000 shares, netting a total of over 350,000 in proceeds.
Before that, van Gunsteren Job Leonard had sold 7,750 shares from its account. In a trade valued at $1,395,412, the SVP and GM, Specialty Products traded Balchem Corp shares for $180.05 each. Upon closing the transaction, the insider’s holdings decreased to 7,750 shares, worth approximately $1.34 million.
As published in a research note from Sidoti on February 22, 2022, Balchem Corp [BCPC] has been rated up from a Neutral to a Buy and the price target has been revised to $175. Analysts at Sidoti downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late November. As of August 02, 2021, Stephens has decreased its “an Overweight” rating to a “an Equal-weight” for BCPC. Earlier on February 22, 2021, Stephens upgraded its rating. Their new recommendation was “an Overweight” for BCPC stock which previously was a “an Equal-weight”.
Analyzing BCPC Stock Performance
During the last five days, there has been a drop of approximately -3.62%. Over the course of the year, Balchem Corp shares have dropped approximately -3.62%. Shares of the company reached a 52-week high of $163.32 on 01/02/25 and a 52-week low of $153.91 on 01/08/25. A 50-day SMA is recorded $172.96, while a 200-day SMA reached $164.48. Nevertheless, trading volume fell to 0.14 million shares from 0.13 million shares the previous day.
Support And Resistance Levels for Balchem Corp (BCPC)
According to the 24-hour chart, there is a support level at 154.94, which, if violated, would cause prices to drop to 152.78. In the upper region, resistance lies at 158.22. The next price resistance is at 159.34. RSI (Relative Strength Index) is 28.27 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.21, which suggests the price will decrease in the coming days. Percent R is at 83.97%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Which companies own the most shares of Balchem Corp (BCPC)?
On August 04, 2020, H.C. Wainwright assigned a price target of “a Buy” to the stock and reiterated coverage with a $126.
