Brookfield Corporation’s filing revealed that its 10% Owner Oaktree Capital Group Holdings unloaded Company’s shares for reported $0.16 million on Apr 24 ’24. In the deal valued at $21.75 per share,7,131 shares were sold. As a result of this transaction, Oaktree Capital Group Holdings now holds 0 shares worth roughly $0.0.
Then, OCM Growth Holdings LLC sold 1,000,000 shares, generating $11,330,000 in total proceeds. Upon selling the shares at $11.33, the Director now owns 15,492,168 shares.
Before that, BCP GP Ltd sold 3,922,786 shares. Brookfield Corporation shares valued at $8,630,129 were divested by the Former 10% Owner at a price of $2.20 per share. As a result of the transaction, BCP GP Ltd now holds 23,352,826 shares, worth roughly $1.02 billion.
Canaccord Genuity downgraded its Brookfield Corporation [BN] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who decreased its forecast for the stock in mid May from “an Outperform” to “a Mkt perform”. Credit Suisse also remained covering BN and has increased its forecast on March 20, 2023 with a “an Outperform” recommendation from previously “Neutral” rating. Credit Suisse revised its rating on February 06, 2023. It rated BN as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of BN
On Monday, Brookfield Corporation [NYSE:BN] saw its stock jump 2.46% to $43.68. Over the last five days, the stock has gained 6.43%. Brookfield Corporation shares have risen nearly 8.87% since the year began. Nevertheless, the stocks have risen 44.40% over the past one year. While a 52-week high of $43.17 was reached on 05/06/24, a 52-week low of $28.84 was recorded on 01/03/24. SMA at 50 days reached $40.90, while 200 days put it at $36.76.
Levels Of Support And Resistance For BN Stock
The 24-hour chart illustrates a support level at 43.03, which if violated will result in even more drops to 42.37. On the upside, there is a resistance level at 44.03. A further resistance level may holdings at 44.37. The Relative Strength Index (RSI) on the 14-day chart is 68.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.06, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.74%. Stochastics %K at 97.43% indicates the stock is a selling.
