The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Bellring Brands Inc shares valued at $57,807 were sold by STEIN ELLIOT JR on Feb 07 ’24. At $57.81 per share, STEIN ELLIOT JR sold 1,000 shares. The insider’s holdings dropped to 24,646 shares worth approximately $1.37 million following the completion of this transaction.
Also, VITALE ROBERT V sold 15,000 shares, netting a total of over 537,261 in proceeds. Following the sale of shares at $35.82 each, the insider now holds 230,054 shares.
As published in their initiating research note from TD Cowen on April 22, 2024, Bellring Brands Inc [BRBR] has been a Buy and the price target has been revised to $64. Analysts at Citigroup started covering the stock with ‘”a Buy”‘ outlook in a report released in early February. As of January 03, 2024, Truist has decreased its “Buy” rating to a “Hold” for BRBR. Earlier on December 08, 2023, DA Davidson initiated its rating. Their recommendation was “a Neutral” for BRBR stock.
Analyzing BRBR Stock Performance
During the last five days, there has been a surge of approximately 2.39%. Over the course of the year, Bellring Brands Inc shares have jumped approximately 0.34%. Shares of the company reached a 52-week high of $62.76 on 03/07/24 and a 52-week low of $50.30 on 01/04/24. A 50-day SMA is recorded $57.76, while a 200-day SMA reached $48.80. Nevertheless, trading volume fell to 1.01 million shares from 0.83 million shares the previous day.
Support And Resistance Levels for Bellring Brands Inc (BRBR)
According to the 24-hour chart, there is a support level at 54.96, which, if violated, would cause prices to drop to 54.29. In the upper region, resistance lies at 56.21. The next price resistance is at 56.79. RSI (Relative Strength Index) is 44.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.06, which suggests the price will decrease in the coming days. Percent R is at 56.54%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
