Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Brunswick Corp. shares valued at $3,048,850 were sold by FOULKES DAVID M on Feb 26 ’24. At $87.11 per share, FOULKES DAVID M sold 35,000 shares. The insider’s holdings dropped to 272,626 shares worth approximately $22.38 million following the completion of this transaction.
Also, COOPER NANCY E sold 357 shares, netting a total of over 31,384 in proceeds. Following the sale of shares at $87.91 each, the insider now holds 22,549 shares.
Before that, Gwillim Ryan M had sold 9,036 shares from its account. In a trade valued at $787,036, the E.V.P. & CFO traded Brunswick Corp. shares for $87.10 each. Upon closing the transaction, the insider’s holdings decreased to 9,036 shares, worth approximately $2.38 million.
As published in a research note from Exane BNP Paribas on April 15, 2024, Brunswick Corp. [BC] has been rated down from an Outperform to a Neutral and the price target has been revised to $82 from $94. Analysts at B. Riley Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid February. As of January 04, 2024, Raymond James has decreased its “an Outperform” rating to a “Mkt perform” for BC. Earlier on January 02, 2024, B. Riley Securities downgraded its rating. Their new recommendation was “a Neutral” for BC stock which previously was a “a Buy”.
Analyzing BC Stock Performance
During the last five days, there has been a drop of approximately -7.37%. Over the course of the year, Brunswick Corp. shares have dropped approximately -15.16%. Shares of the company reached a 52-week high of $97.03 on 01/02/24 and a 52-week low of $80.39 on 01/31/24. A 50-day SMA is recorded $89.09, while a 200-day SMA reached $83.63. Nevertheless, trading volume fell to 0.59 million shares from 0.73 million shares the previous day.
Support And Resistance Levels for Brunswick Corp. (BC)
According to the 24-hour chart, there is a support level at 81.32, which, if violated, would cause prices to drop to 80.56. In the upper region, resistance lies at 83.18. The next price resistance is at 84.29. RSI (Relative Strength Index) is 28.26 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.71, which suggests the price will decrease in the coming days. Percent R is at 97.20%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
