In a filing, Broadstone Net Lease Inc revealed its Director NARASIMHAN SHEKAR acquired Company’s shares for reported $74350.0 on Feb 27 ’24. In the deal valued at $14.87 per share,5,000 shares were bought. As a result of this transaction, NARASIMHAN SHEKAR now holds 5,000 shares worth roughly $73350.0.
Then, Moragne John David bought 10,000 shares, generating $147,688 in total proceeds. Upon buying the shares at $14.77, the Chief Executive Officer now owns 162,256 shares.
Before that, COKE MICHAEL A bought 10,000 shares. Broadstone Net Lease Inc shares valued at $146,720 were divested by the Director at a price of $14.67 per share. As a result of the transaction, COKE MICHAEL A now holds 34,817 shares, worth roughly $0.51 million.
Wolfe Research downgraded its Broadstone Net Lease Inc [BNL] rating to a Peer perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in early March with a ‘”a Sell”‘ rating. JP Morgan also remained covering BNL and has increased its forecast on December 18, 2023 with a “an Overweight” recommendation from previously “Neutral” rating. Wolfe Research revised its rating on October 18, 2023. It rated BNL as “an Outperform” which previously was an “a Peer perform”.
Price Performance Review of BNL
On Friday, Broadstone Net Lease Inc [NYSE:BNL] saw its stock fall -0.54% to $14.67. Over the last five days, the stock has lost -2.59%. Broadstone Net Lease Inc shares have fallen nearly -14.81% since the year began. Nevertheless, the stocks have fallen -8.07% over the past one year. While a 52-week high of $17.59 was reached on 01/02/24, a 52-week low of $13.68 was recorded on 03/14/24. SMA at 50 days reached $15.20, while 200 days put it at $15.69. A total of 0.91 million shares were traded, compared to the trading of 1.12 million shares in the previous session.
Levels Of Support And Resistance For BNL Stock
The 24-hour chart illustrates a support level at 14.58, which if violated will result in even more drops to 14.50. On the upside, there is a resistance level at 14.74. A further resistance level may holdings at 14.81. The Relative Strength Index (RSI) on the 14-day chart is 41.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.91%. Stochastics %K at 7.97% indicates the stock is a buying.
The most recent change occurred on September 21, 2023 when JMP Securities began covering the stock and recommended ‘”a Mkt perform”‘ rating.
