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. PBF Energy Inc shares valued at $3,131,775 were purchased by Control Empresarial de Capital on Mar 03 ’25. At $20.20 per share, Control Empresarial de Capital acquired 155,000 shares. The insider’s holdings grew to 30,249,998 shares worth approximately $606.81 million following the completion of this transaction.
Also, Control Empresarial de Capital purchased 80,000 shares, netting a total of over 1,680,704 in proceeds. Following the buying of shares at $21.01 each, the insider now holds 30,094,998 shares.
Before that, Control Empresarial de Capital had added 40,000 shares to its account. In a trade valued at $859,300, the Add’l Rep. Persons-see Ex.99-1 bought PBF Energy Inc shares for $21.48 each. Upon closing the transaction, the insider’s holdings increased to 40,000 shares, worth approximately $602.1 million.
As published in a research note from TD Cowen on December 20, 2024, PBF Energy Inc [PBF] has been rated down from a Hold to a Sell and the price target has been revised to $20 from $27. Analysts at Mizuho downgraded the stock from ‘”a Neutral”‘ to ‘”an Underperform”‘ outlook in a report released in mid December. As of December 09, 2024, Wells Fargo has decreased its “an Overweight” rating to a “an Equal weight” for PBF. Earlier on November 01, 2024, TD Cowen resumed its rating. Their recommendation was “a Hold” for PBF stock.
Analyzing PBF Stock Performance
During the last five days, there has been a drop of approximately -8.28%. Over the course of the year, PBF Energy Inc shares have dropped approximately -24.44%. Shares of the company reached a 52-week high of $31.67 on 01/15/25 and a 52-week low of $18.97 on 03/05/25. A 50-day SMA is recorded $26.61, while a 200-day SMA reached $33.94.
Support And Resistance Levels for PBF Energy Inc (PBF)
According to the 24-hour chart, there is a support level at 19.22, which, if violated, would cause prices to drop to 18.37. In the upper region, resistance lies at 20.66. The next price resistance is at 21.25. RSI (Relative Strength Index) is 26.52 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.12, which suggests the price will decrease in the coming days. Percent R is at 84.29%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
