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 $200,005 were sold by Chitoori Satish on Feb 14 ’25. At $25.42 per share, Chitoori Satish sold 7,868 shares. The insider’s holdings dropped to 179,676 shares worth approximately $4.76 million following the completion of this transaction.
Also, Joshi Aman sold 13,971 shares, netting a total of over 353,466 in proceeds. Following the sale of shares at $25.30 each, the insider now holds 136,029 shares.
Before that, SODERBERG SHAWN MARIE had sold 10,486 shares from its account. In a trade valued at $265,401, the insider traded Bloom Energy Corp shares for $25.31 each. Upon closing the transaction, the insider’s holdings decreased to 10,486 shares, worth approximately $4.29 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 10.10%. Over the course of the year, Bloom Energy Corp shares have jumped approximately 19.32%. Shares of the company reached a 52-week high of $29.83 on 01/24/25 and a 52-week low of $19.82 on 01/28/25. A 50-day SMA is recorded $24.35, while a 200-day SMA reached $16.08. Nevertheless, trading volume fell to 3.36 million shares from 5.07 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 25.68, which, if violated, would cause prices to drop to 24.87. In the upper region, resistance lies at 27.05. The next price resistance is at 27.61. RSI (Relative Strength Index) is 58.35 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.46, which suggests the price will increase in the coming days. Percent R is at 5.93%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
