Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Benchmark Electronics Inc shares valued at $271,860 were sold by Benck Jeff on Jan 13 ’25. At $45.31 per share, Benck Jeff sold 6,000 shares. The insider’s holdings dropped to 418,173 shares worth approximately $17.78 million following the completion of this transaction.
Also, Turner Rhonda R sold 6,000 shares, netting a total of over 281,880 in proceeds. Following the sale of shares at $46.98 each, the insider now holds 47,991 shares.
Before that, RHONDA BUSEMAN had added 6,000 shares to its account. In a trade valued at $281,100, the Officer bought Benchmark Electronics Inc shares for $46.85 each.
As published in a research note from Fox Advisors on May 15, 2024, Benchmark Electronics Inc [BHE] has been rated down from an Overweight to an Equal weight. Analysts at Sidoti downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late April. As of August 24, 2022, Fox Advisors has initiated its “an Overweight” rating for BHE. Earlier on July 29, 2021, Sidoti upgraded its rating. Their new recommendation was “a Buy” for BHE stock which previously was a “a Neutral”.
Analyzing BHE Stock Performance
During the last five days, there has been a drop of approximately -9.82%. Over the course of the year, Benchmark Electronics Inc shares have dropped approximately -6.37%. Shares of the company reached a 52-week high of $50.26 on 01/22/25 and a 52-week low of $42.49 on 01/30/25. A 50-day SMA is recorded $46.98, while a 200-day SMA reached $42.69. Nevertheless, trading volume fell to 0.55 million shares from 0.29 million shares the previous day.
Support And Resistance Levels for Benchmark Electronics Inc (BHE)
According to the 24-hour chart, there is a support level at 41.16, which, if violated, would cause prices to drop to 39.80. In the upper region, resistance lies at 45.20. The next price resistance is at 47.88. RSI (Relative Strength Index) is 31.86 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.86, which suggests the price will decrease in the coming days. Percent R is at 99.74%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.