Brixmor Property Group Inc’s recently made public that its insider Finnegan Brian T unloaded Company’s shares for reported $0.17 million on Mar 08 ’24. In the deal valued at $23.00 per share,7,500 shares were sold. As a result of this transaction, Finnegan Brian T now holds 225,051 shares worth roughly $5.0 million.
Then, Berman Michael B sold 10,475 shares, generating $239,040 in total proceeds. Upon selling the shares at $22.82, the Director now owns 40,556 shares.
Before that, Finnegan Brian T sold 7,500 shares. Brixmor Property Group Inc shares valued at $172,500 were divested by the insider at a price of $23.00 per share. As a result of the transaction, Finnegan Brian T now holds 232,551 shares, worth roughly $5.17 million.
Mizuho downgraded its Brixmor Property Group Inc [BRX] rating to a Neutral from a a Buy in a research note published on February 23, 2024; the price target was increased to $24 from $23. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in late January with a ‘”a Buy”‘ rating. Scotiabank also remained covering BRX and has increased its forecast on September 05, 2023 with a “Sector outperform” recommendation from previously “Sector perform” rating. Goldman revised its rating on August 16, 2023. It rated BRX as “a Buy” which previously was an “a Neutral”.
Price Performance Review of BRX
On Monday, Brixmor Property Group Inc [NYSE:BRX] saw its stock jump 0.95% to $22.22. Over the last five days, the stock has lost -2.11%. Brixmor Property Group Inc shares have fallen nearly -4.51% since the year began. Nevertheless, the stocks have risen 6.62% over the past one year. While a 52-week high of $24.47 was reached on 03/28/24, a 52-week low of $19.40 was recorded on 02/13/24. SMA at 50 days reached $22.63, while 200 days put it at $22.10. A total of 3.59 million shares were traded, compared to the trading of 2.12 million shares in the previous session.
Levels Of Support And Resistance For BRX Stock
The 24-hour chart illustrates a support level at 22.03, which if violated will result in even more drops to 21.85. On the upside, there is a resistance level at 22.39. A further resistance level may holdings at 22.57. The Relative Strength Index (RSI) on the 14-day chart is 45.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.49, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.88%. Stochastics %K at 15.59% indicates the stock is a buying.
How much short interest is there in Brixmor Property Group Inc?
A steep rise in short interest was recorded in Brixmor Property Group Inc stocks on Mar 15, 2024, dropping by -1.22 million shares to a total of 9.46 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 10.68 million shares. There was a decline of -12.9%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.37% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.63.
The most recent change occurred on May 24, 2023 when Wells Fargo began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $21 price target.
