Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Berry Global Group Inc shares valued at $825,020 were sold by Steele Robert Allan on Feb 24 ’24. At $58.93 per share, Steele Robert Allan sold 14,000 shares. The insider’s holdings dropped to 4,728 shares worth approximately $0.26 million following the completion of this transaction.
Also, FOSTER JONATHAN F purchased 1,000 shares, netting a total of over 58,490 in proceeds. Following the buying of shares at $58.49 each, the insider now holds 5,728 shares.
Before that, Kwilinski Kevin J. had added 2,000 shares to its account. In a trade valued at $114,880, the Chief Executive Officer bought Berry Global Group Inc shares for $57.44 each. Upon closing the transaction, the insider’s holdings increased to 2,000 shares, worth approximately $0.11 million.
As published in a research note from Robert W. Baird on April 16, 2024, Berry Global Group Inc [BERY] has been rated down from an Outperform to a Neutral and the price target has been revised to $65 from $68. Analysts at Truist downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late March. As of March 15, 2024, RBC Capital Mkts has decreased its “an Outperform” rating to a “Sector perform” for BERY. Earlier on March 01, 2024, Wolfe Research initiated its rating. Their recommendation was “a Peer perform” for BERY stock.
Analyzing BERY Stock Performance
During the last five days, there has been a drop of approximately -5.19%. Over the course of the year, Berry Global Group Inc shares have dropped approximately -16.99%. Shares of the company reached a 52-week high of $67.90 on 01/23/24 and a 52-week low of $54.06 on 02/07/24. A 50-day SMA is recorded $58.99, while a 200-day SMA reached $62.22. Nevertheless, trading volume fell to 0.69 million shares from 0.82 million shares the previous day.
Support And Resistance Levels for Berry Global Group Inc (BERY)
According to the 24-hour chart, there is a support level at 55.58, which, if violated, would cause prices to drop to 55.22. In the upper region, resistance lies at 56.56. The next price resistance is at 57.18. RSI (Relative Strength Index) is 30.34 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.33, which suggests the price will decrease in the coming days. Percent R is at 87.85%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
