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Exane BNP Paribas downgrades Brunswick Corp. (BC) rating to a Neutral

In a filing, Brunswick Corp. revealed its Chief Executive Officer FOULKES DAVID M unloaded Company’s shares for reported $3.05 million on Feb 26 ’24. In the deal valued at $87.11 per share,35,000 shares were sold. As a result of this transaction, FOULKES DAVID M now holds 272,626 shares worth roughly $22.39 million.

Then, COOPER NANCY E sold 357 shares, generating $31,384 in total proceeds. Upon selling the shares at $87.91, the Director now owns 22,549 shares.

Before that, Gwillim Ryan M sold 9,036 shares. Brunswick Corp. shares valued at $787,036 were divested by the E.V.P. & CFO at a price of $87.10 per share. As a result of the transaction, Gwillim Ryan M now holds 28,966 shares, worth roughly $2.38 million.

Exane BNP Paribas downgraded its Brunswick Corp. [BC] rating to a Neutral from a an Outperform in a research note published on April 15, 2024; the price target was decreased to $82 from $94. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who increased its forecast for the stock in mid February from “a Neutral” to “a Buy”. Raymond James also remained covering BC and has decreased its forecast on January 04, 2024 with a “Mkt perform” recommendation from previously “an Outperform” rating. B. Riley Securities revised its rating on January 02, 2024. It rated BC as “a Neutral” which previously was an “a Buy”.

Price Performance Review of BC

On Monday, Brunswick Corp. [NYSE:BC] saw its stock jump 1.27% to $82.11. Over the last five days, the stock has lost -3.31%. Brunswick Corp. shares have fallen nearly -15.13% since the year began. Nevertheless, the stocks have fallen -3.66% over the past one year. While a 52-week high of $99.68 was reached on 01/02/24, a 52-week low of $66.47 was recorded on 04/25/24. SMA at 50 days reached $88.74, while 200 days put it at $83.53. A total of 0.5 million shares were traded, compared to the trading of 0.68 million shares in the previous session.

Levels Of Support And Resistance For BC Stock

The 24-hour chart illustrates a support level at 81.36, which if violated will result in even more drops to 80.60. On the upside, there is a resistance level at 82.71. A further resistance level may holdings at 83.30. The Relative Strength Index (RSI) on the 14-day chart is 37.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.68, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.99%. Stochastics %K at 14.39% indicates the stock is a buying.

The most recent change occurred on December 18, 2023 when B. Riley Securities resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $106.

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