Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Brixmor Property Group Inc shares valued at $172,500 were sold by Finnegan Brian T on Mar 08 ’24. At $23.00 per share, Finnegan Brian T sold 7,500 shares. The insider’s holdings dropped to 225,051 shares worth approximately $4.85 million following the completion of this transaction.
Also, Berman Michael B sold 10,475 shares, netting a total of over 239,040 in proceeds. Following the sale of shares at $22.82 each, the insider now holds 40,556 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 $5.01 million.
As published in a research note from Mizuho on February 23, 2024, Brixmor Property Group Inc [BRX] has been rated down from a Buy to a Neutral and the price target has been revised to $24 from $23. Analysts at Deutsche Bank started covering the stock with ‘”a Buy”‘ outlook in a report released in late January. As of September 05, 2023, Scotiabank has increased its “Sector perform” rating to a “Sector outperform” for BRX. Earlier on August 16, 2023, Goldman upgraded its rating. Their new recommendation was “a Buy” for BRX stock which previously was a “a Neutral”.
Analyzing BRX Stock Performance
During the last five days, there has been a drop of approximately -2.09%. Over the course of the year, Brixmor Property Group Inc shares have dropped approximately -7.35%. Shares of the company reached a 52-week high of $23.60 on 03/28/24 and a 52-week low of $21.38 on 04/11/24. A 50-day SMA is recorded $22.59, while a 200-day SMA reached $22.11. Nevertheless, trading volume fell to 2.01 million shares from 3.42 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 21.37, which, if violated, would cause prices to drop to 21.19. In the upper region, resistance lies at 21.75. The next price resistance is at 21.94. RSI (Relative Strength Index) is 38.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.48, which suggests the price will decrease in the coming days. Percent R is at 91.69%, indicating bearish price movement. Stochastics %K at buying 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 steep in short interest on Mar 15, 2024 dropping by -1.22 million shares to 9.46 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 10.68 million shares. A decline of -12.9% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.63 of the overall float, the days-to-cover ratio (short ratio) decline to 3.63.
