Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Builders Firstsource Inc shares valued at $515,051 were sold by Beckmann Pete on Nov 15 ’24. At $178.28 per share, Beckmann Pete sold 2,889 shares. The insider’s holdings dropped to 38,598 shares worth approximately $6.4 million following the completion of this transaction.
Also, Beckmann Jami purchased 2,889 shares, netting a total of over 515,064 in proceeds.
Before that, CHRISTOPHE CLEVELAND A had sold 10,000 shares from its account. In a trade valued at $1,784,100, the Director traded Builders Firstsource Inc shares for $178.41 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $5.48 million.
As published in their initiating research note from Raymond James on January 17, 2025, Builders Firstsource Inc [BLDR] has been an Outperform and the price target has been revised to $180. As of October 25, 2024, UBS has initiated its “Buy” rating for BLDR. Earlier on October 10, 2024, Goldman initiated its rating. Their recommendation was “a Buy” for BLDR stock.
Analyzing BLDR Stock Performance
During the last five days, there has been a surge of approximately 7.47%. Over the course of the year, Builders Firstsource Inc shares have jumped approximately 15.99%. Shares of the company reached a 52-week high of $169.34 on 01/21/25 and a 52-week low of $137.64 on 01/10/25. A 50-day SMA is recorded $165.38, while a 200-day SMA reached $169.01. Nevertheless, trading volume fell to 1.47 million shares from 1.74 million shares the previous day.
Support And Resistance Levels for Builders Firstsource Inc (BLDR)
According to the 24-hour chart, there is a support level at 164.39, which, if violated, would cause prices to drop to 162.99. In the upper region, resistance lies at 167.06. The next price resistance is at 168.33. RSI (Relative Strength Index) is 61.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 13.90, which suggests the price will increase in the coming days. Percent R is at 11.23%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
