Brink’s Co.’s filing revealed that its EVP Bossart Dominik unloaded Company’s shares for reported $0.85 million on Mar 13 ’24. In the deal valued at $84.96 per share,10,000 shares were sold. As a result of this transaction, Bossart Dominik now holds 28,018 shares worth roughly $2.53 million.
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Then, Wyche Keith R sold 400 shares, generating $32,948 in total proceeds. Upon selling the shares at $82.37, the Director now owns 665 shares.
Before that, Parker Arthelbert Louis sold 1,650 shares. Brink’s Co. shares valued at $122,100 were divested by the Director at a price of $74.00 per share. As a result of the transaction, Parker Arthelbert Louis now holds 3,036 shares, worth roughly $0.27 million.
A number of analysts have revised their coverage, including Standpoint Research’s analysts, who increased its forecast for the stock in mid May from “a Hold” to “a Buy”. Goldman began covering BCO with “Buy” recommendation on November 20, 2019. Imperial Capital maintained its rating on July 25, 2019. It rated BCO as “an Outperform”.
Price Performance Review of BCO
On Tuesday, Brink’s Co. [NYSE:BCO] saw its stock jump 1.48% to $90.30. Over the last five days, the stock has gained 5.65%. Brink’s Co. shares have risen nearly 2.67% since the year began. Nevertheless, the stocks have risen 40.74% over the past one year. While a 52-week high of $90.13 was reached on 03/26/24, a 52-week low of $59.46 was recorded on 02/05/24. SMA at 50 days reached $82.79, while 200 days put it at $76.64. A total of 0.4 million shares were traded, compared to the trading of 0.2 million shares in the previous session.
Levels Of Support And Resistance For BCO Stock
The 24-hour chart illustrates a support level at 89.29, which if violated will result in even more drops to 88.29. On the upside, there is a resistance level at 91.01. A further resistance level may holdings at 91.73. The Relative Strength Index (RSI) on the 14-day chart is 74.89, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.05, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.40%. Stochastics %K at 92.57% indicates the stock is a selling.
How much short interest is there in Brink’s Co.?
A steep rise in short interest was recorded in Brink’s Co. stocks on Feb 29, 2024, dropping by 90000.0 shares to a total of 1.2 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 1.29 million shares. There was a decline of -7.5%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.15% of the overall stock float, the days-to-cover ratio (short ratio) fell to 5.03.
The most recent change occurred on September 12, 2018 when Berenberg began covering the stock and recommended ‘”a Buy”‘ rating along with a $90 price target.
