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Recent Insider Activity Could Benefit Benchmark Electronics Inc (BHE)

Benchmark Electronics Inc’s recent filing unveils that its President and CEO Benck Jeff unloaded Company’s shares for reported $0.27 million on Jan 13 ’25. In the deal valued at $45.31 per share,6,000 shares were sold. As a result of this transaction, Benck Jeff now holds 418,173 shares worth roughly $16.35 million.

Then, Turner Rhonda R sold 6,000 shares, generating $281,880 in total proceeds. Upon selling the shares at $46.98, the SVP, Chief HR Officer now owns 47,991 shares.

Before that, RHONDA BUSEMAN bought 6,000 shares. Benchmark Electronics Inc shares valued at $281,100 were divested by the Officer at a price of $46.85 per share.

Fox Advisors downgraded its Benchmark Electronics Inc [BHE] rating to an Equal weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Sidoti’s analysts, who decreased its forecast for the stock in late April from “a Buy” to “a Neutral”. Fox Advisors began covering BHE with “an Overweight” recommendation on August 24, 2022. Sidoti revised its rating on July 29, 2021. It rated BHE as “a Buy” which previously was an “a Neutral”.

Price Performance Review of BHE

On Tuesday, Benchmark Electronics Inc [NYSE:BHE] saw its stock jump 2.38% to $39.09. Over the last five days, the stock has gained 2.17%. Benchmark Electronics Inc shares have fallen nearly -13.90% since the year began. Nevertheless, the stocks have risen 25.85% over the past one year. While a 52-week high of $52.57 was reached on 01/22/25, a 52-week low of $27.44 was recorded on 03/04/25. SMA at 50 days reached $43.19, while 200 days put it at $43.43.

Levels Of Support And Resistance For BHE Stock

The 24-hour chart illustrates a support level at 38.13, which if violated will result in even more drops to 37.17. On the upside, there is a resistance level at 40.13. A further resistance level may holdings at 41.17. The Relative Strength Index (RSI) on the 14-day chart is 39.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.98, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.34%. Stochastics %K at 26.89% indicates the stock is a holding.

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