GBX (Greenbrier Cos., Inc.) may reap gains as insiders became active recently

Greenbrier Cos., Inc.’s recent filing unveils that its Director Felton Wanda F unloaded Company’s shares for reported $0.2 million on Feb 07 ’24. In the deal valued at $46.65 per share,4,185 shares were sold. As a result of this transaction, Felton Wanda F now holds 7,365 shares worth roughly $0.37 million.

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Then, Comstock Brian J sold 2,500 shares, generating $115,980 in total proceeds. Upon selling the shares at $46.39, the EVP & President, The Americas now owns 80,111 shares.

Before that, BAKER MARTIN RAYMOND sold 5,034 shares. Greenbrier Cos., Inc. shares valued at $236,598 were divested by the Senior Vice President at a price of $47.00 per share. As a result of the transaction, BAKER MARTIN RAYMOND now holds 53,480 shares, worth roughly $2.66 million.

Susquehanna upgraded its Greenbrier Cos., Inc. [GBX] rating to a Positive from a a Neutral in a research note published on October 16, 2023; the price target was increased to $50 from $44. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in early September from “an Overweight” to “an Equal weight”. BofA Securities also remained covering GBX and has decreased its forecast on January 17, 2023 with a “an Underperform” recommendation from previously “Neutral” rating. Susquehanna revised its rating on November 07, 2022. It rated GBX as “a Neutral” which previously was an “a Positive”.

Price Performance Review of GBX

On Tuesday, Greenbrier Cos., Inc. [NYSE:GBX] saw its stock fall -1.29% to $49.80. Over the last five days, the stock has lost -0.93%. Greenbrier Cos., Inc. shares have risen nearly 12.72% since the year began. Nevertheless, the stocks have risen 65.61% over the past one year. While a 52-week high of $53.36 was reached on 03/04/24, a 52-week low of $25.41 was recorded on 01/17/24. SMA at 50 days reached $47.64, while 200 days put it at $41.44. A total of 0.26 million shares were traded, compared to the trading of 0.18 million shares in the previous session.

Levels Of Support And Resistance For GBX Stock

The 24-hour chart illustrates a support level at 49.54, which if violated will result in even more drops to 49.29. On the upside, there is a resistance level at 50.24. A further resistance level may holdings at 50.69. The Relative Strength Index (RSI) on the 14-day chart is 52.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.17%. Stochastics %K at 45.16% indicates the stock is a holding.

How much short interest is there in Greenbrier Cos., Inc.?

A steep rise in short interest was recorded in Greenbrier Cos., Inc. stocks on Feb 29, 2024, growing by 0.3 million shares to a total of 1.64 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 1.34 million shares. There was a rise of 18.29%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 7.79% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.58.

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