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. Bunge Global SA shares valued at $2,065,200 were sold by Dimopoulos Christos on May 22 ’24. At $103.26 per share, Dimopoulos Christos sold 20,000 shares. The insider’s holdings dropped to 87,999 shares worth approximately $6.1 million following the completion of this transaction.
As published in a research note from Barclays on January 21, 2025, Bunge Global SA [BG] has been rated down from an Overweight to an Equal weight and the price target has been revised to $95 from $115. Analysts at Citigroup downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early August. As of February 09, 2024, HSBC Securities has increased its “Hold” rating to a “Buy” for BG. Earlier on February 01, 2024, Citigroup initiated its rating. Their recommendation was “a Buy” for BG stock.
Analyzing BG Stock Performance
During the last five days, there has been a drop of approximately -10.77%. Over the course of the year, Bunge Global SA shares have dropped approximately -10.89%. Shares of the company reached a 52-week high of $82.57 on 01/13/25 and a 52-week low of $67.40 on 02/06/25. A 50-day SMA is recorded $80.58, while a 200-day SMA reached $95.27. Nevertheless, trading volume fell to 3.33 million shares from 3.6 million shares the previous day.
Support And Resistance Levels for Bunge Global SA (BG)
According to the 24-hour chart, there is a support level at 67.50, which, if violated, would cause prices to drop to 65.72. In the upper region, resistance lies at 70.97. The next price resistance is at 72.66. RSI (Relative Strength Index) is 23.54 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.98, which suggests the price will decrease in the coming days. Percent R is at 85.26%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
