Barnes Group Inc.’s recent filing unveils that its Director MANGUM MYLLE H acquired Company’s shares for reported $1912.0 on Dec 08 ’23. In the deal valued at $28.65 per share,67 shares were bought. As a result of this transaction, MANGUM MYLLE H now holds 26,367 shares worth roughly $0.99 million.
Then, Manner Hans-Peter bought 50,000 shares, generating $1,138,815 in total proceeds. Upon buying the shares at $22.78, the Director now owns 66,079 shares.
Before that, Knoll Jay B bought 4,500 shares. Barnes Group Inc. shares valued at $101,689 were divested by the SVP, Gen. Counsel & Secretary at a price of $22.60 per share. As a result of the transaction, Knoll Jay B now holds 21,363 shares, worth roughly $0.8 million.
DA Davidson upgraded its Barnes Group Inc. [B] rating to a Buy from a a Neutral in a research note published on April 18, 2024; the price target was increased to $45 from $35. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in mid October with a ‘”a Peer perform”‘ rating. Alembic Global Advisors also remained covering B and has decreased its forecast on April 11, 2022 with a “Neutral” recommendation from previously “an Overweight” rating. Alembic Global Advisors revised its rating on June 10, 2020. It rated B as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of B
On Tuesday, Barnes Group Inc. [NYSE:B] saw its stock jump 0.35% to $37.39. Over the last five days, the stock has gained 7.69%. Barnes Group Inc. shares have risen nearly 14.59% since the year began. Nevertheless, the stocks have fallen -9.82% over the past one year. While a 52-week high of $43.65 was reached on 03/08/24, a 52-week low of $18.79 was recorded on 01/05/24. SMA at 50 days reached $36.03, while 200 days put it at $33.57. A total of 0.2 million shares were traded, compared to the trading of 0.13 million shares in the previous session.
Levels Of Support And Resistance For B Stock
The 24-hour chart illustrates a support level at 37.19, which if violated will result in even more drops to 36.98. On the upside, there is a resistance level at 37.63. A further resistance level may holdings at 37.86. The Relative Strength Index (RSI) on the 14-day chart is 59.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.14, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.39%. Stochastics %K at 94.47% indicates the stock is a selling.
