Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Bloom Energy Corp shares valued at $38,385 were sold by SODERBERG SHAWN MARIE on Jan 16 ’25. At $23.42 per share, SODERBERG SHAWN MARIE sold 1,639 shares. The insider’s holdings dropped to 171,040 shares worth approximately $4.37 million following the completion of this transaction.
Also, SHAWN SODERBERG purchased 1,639 shares, netting a total of over 37,123 in proceeds.
Before that, Chitoori Satish had sold 1,042 shares from its account. In a trade valued at $26,686, the Chief Operations Officer traded Bloom Energy Corp shares for $25.61 each. Upon closing the transaction, the insider’s holdings decreased to 1,042 shares, worth approximately $4.73 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 surge of approximately 14.48%. Over the course of the year, Bloom Energy Corp shares have jumped approximately 14.95%. Shares of the company reached a 52-week high of $27.56 on 01/22/25 and a 52-week low of $21.57 on 01/13/25. A 50-day SMA is recorded $23.16, while a 200-day SMA reached $14.75. Nevertheless, trading volume fell to 8.18 million shares from 7.22 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 24.81, which, if violated, would cause prices to drop to 24.10. In the upper region, resistance lies at 26.90. The next price resistance is at 28.28. RSI (Relative Strength Index) is 59.35 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.13, which suggests the price will increase in the coming days. Percent R is at 33.89%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
