Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Broadstone Net Lease Inc shares valued at $74,350 were purchased by NARASIMHAN SHEKAR on Feb 27 ’24. At $14.87 per share, NARASIMHAN SHEKAR acquired 5,000 shares. The insider’s holdings grew to 5,000 shares worth approximately $71450.0 following the completion of this transaction.
Also, Moragne John David purchased 10,000 shares, netting a total of over 147,688 in proceeds. Following the buying of shares at $14.77 each, the insider now holds 162,256 shares.
Before that, COKE MICHAEL A had added 10,000 shares to its account. In a trade valued at $146,720, the Director bought Broadstone Net Lease Inc shares for $14.67 each. Upon closing the transaction, the insider’s holdings increased to 10,000 shares, worth approximately $0.5 million.
As published in a research note from Wolfe Research on April 09, 2024, Broadstone Net Lease Inc [BNL] has been rated down from an Outperform to a Peer perform. Analysts at Goldman started covering the stock with ‘”a Sell”‘ outlook in a report released in early March. As of December 18, 2023, JP Morgan has increased its “Neutral” rating to a “an Overweight” for BNL. Earlier on October 18, 2023, Wolfe Research upgraded its rating. Their new recommendation was “an Outperform” for BNL stock which previously was a “a Peer perform”.
Analyzing BNL Stock Performance
During the last five days, there has been a drop of approximately -2.72%. Over the course of the year, Broadstone Net Lease Inc shares have dropped approximately -17.02%. Shares of the company reached a 52-week high of $17.56 on 01/02/24 and a 52-week low of $14.22 on 04/16/24. A 50-day SMA is recorded $15.10, while a 200-day SMA reached $15.68. Nevertheless, trading volume fell to 0.83 million shares from 1.13 million shares the previous day.
Support And Resistance Levels for Broadstone Net Lease Inc (BNL)
According to the 24-hour chart, there is a support level at 14.21, which, if violated, would cause prices to drop to 14.13. In the upper region, resistance lies at 14.41. The next price resistance is at 14.53. RSI (Relative Strength Index) is 35.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.54, which suggests the price will decrease in the coming days. Percent R is at 95.33%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
