Days-to-cover ratio for BRX surges to 4.17 due to rise in short interest

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Brixmor Property Group Inc shares valued at $174,450 were sold by Finnegan Brian T on Jan 02. At $23.26 per share, Finnegan Brian T sold 7,500 shares. The insider’s holdings dropped to 213,549 shares worth approximately $4.79 million following the completion of this transaction.

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Also, Aman Angela M sold 10,000 shares, netting a total of over 240,000 in proceeds. Following the sale of shares at $24.00 each, the insider now holds 152,054 shares.

Before that, Finnegan Brian T had sold 7,500 shares from its account. In a trade valued at $172,500, the insider traded Brixmor Property Group Inc shares for $23.00 each. Upon closing the transaction, the insider’s holdings decreased to 7,500 shares, worth approximately $4.19 million.

As published in their initiating research note from Deutsche Bank on January 30, 2024, Brixmor Property Group Inc [BRX] has been a Buy and the price target has been revised to $27.

Analyzing BRX Stock Performance

During the last five days, there has been a surge of approximately 0.31%. Over the course of the year, Brixmor Property Group Inc shares have dropped approximately -3.57%. Shares of the company reached a 52-week high of $23.42 on 01/02/24 and a 52-week low of $21.93 on 01/18/24. A 50-day SMA is recorded $22.63, while a 200-day SMA reached $21.67. Nevertheless, trading volume fell to 3.1 million shares from 2.06 million shares the previous day.

Support And Resistance Levels for Brixmor Property Group Inc (BRX)

According to the 24-hour chart, there is a support level at 22.23, which, if violated, would cause prices to drop to 22.03. In the upper region, resistance lies at 22.75. The next price resistance is at 23.06. RSI (Relative Strength Index) is 45.70 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.01, which suggests the price will decrease in the coming days. Percent R is at 59.96%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Brixmor Property Group Inc subject to short interest?

Stocks of Brixmor Property Group Inc saw a sharp rise in short interest on Jan 11, 2024 jumping by 0.49 million shares to 10.28 million. Data from Yahoo Finance shows that the short interest on Dec 14, 2023 was 9.79 million shares. A jump of 4.77% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.17 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.17.

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