In a filing, Broadridge Financial Solutions, Inc. revealed its Co-President ICS DESCHUTTER DOUGLAS RICHARD unloaded Company’s shares for reported $2.5 million on Mar 07 ’24. In the deal valued at $204.71 per share,12,200 shares were sold. As a result of this transaction, DESCHUTTER DOUGLAS RICHARD now holds 32,480 shares worth roughly $6.65 million.
Then, Duelks Robert N sold 830 shares, generating $167,311 in total proceeds. Upon selling the shares at $201.58, the Director now owns 5,445 shares.
Before that, Carey Thomas P sold 12,731 shares. Broadridge Financial Solutions, Inc. shares valued at $2,559,131 were divested by the Corporate VP at a price of $201.02 per share. As a result of the transaction, Carey Thomas P now holds 13,303 shares, worth roughly $2.73 million.
Wolfe Research upgraded its Broadridge Financial Solutions, Inc. [BR] rating to a Peer perform from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who began to cover the stock in late April with a ‘”an Outperform”‘ rating. Morgan Stanley began covering BR with “an Equal-weight” recommendation on December 14, 2022.
Price Performance Review of BR
On Monday, Broadridge Financial Solutions, Inc. [NYSE:BR] saw its stock jump 1.05% to $204.87. Over the last five days, the stock has gained 0.81%. Broadridge Financial Solutions, Inc. shares have fallen nearly -0.43% since the year began. Nevertheless, the stocks have risen 45.42% over the past one year. While a 52-week high of $210.24 was reached on 01/30/24, a 52-week low of $139.35 was recorded on 02/01/24. SMA at 50 days reached $201.60, while 200 days put it at $187.11. A total of 0.59 million shares were traded, compared to the trading of 0.11 million shares in the previous session.
Levels Of Support And Resistance For BR Stock
The 24-hour chart illustrates a support level at 203.27, which if violated will result in even more drops to 201.66. On the upside, there is a resistance level at 205.83. A further resistance level may holdings at 206.79. The Relative Strength Index (RSI) on the 14-day chart is 55.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.80, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 21.39%. Stochastics %K at 46.11% indicates the stock is a holding.
How much short interest is there in Broadridge Financial Solutions, Inc.?
A steep rise in short interest was recorded in Broadridge Financial Solutions, Inc. stocks on Mar 15, 2024, growing by 0.46 million shares to a total of 1.35 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 0.89 million shares. There was a rise of 34.07%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.32% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.6.
