Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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 $6.68 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 -3.58%. Over the course of the year, Bunge Global SA shares have dropped approximately -2.39%. 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 $75.79, while a 200-day SMA reached $85.60.
Support And Resistance Levels for Bunge Global SA (BG)
According to the 24-hour chart, there is a support level at 74.18, which, if violated, would cause prices to drop to 72.47. In the upper region, resistance lies at 78.95. The next price resistance is at 82.00. RSI (Relative Strength Index) is 44.34 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.89, which suggests the price will decrease in the coming days. Percent R is at 93.83%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
