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Recent Insider Activity Suggests Potential Gains for Brink’s Co. (BCO)

Brink’s Co.’s recent filing unveils that its EVP Bossart Dominik unloaded Company’s shares for reported $0.85 million on Mar 13 ’24. In the deal valued at $84.96 per share,10,000 shares were sold. As a result of this transaction, Bossart Dominik now holds 28,018 shares worth roughly $2.55 million.

Then, Wyche Keith R sold 400 shares, generating $32,948 in total proceeds. Upon selling the shares at $82.37, the Director now owns 665 shares.

Before that, Parker Arthelbert Louis sold 1,650 shares. Brink’s Co. shares valued at $122,100 were divested by the Director at a price of $74.00 per share. As a result of the transaction, Parker Arthelbert Louis now holds 3,036 shares, worth roughly $0.28 million.

A number of analysts have revised their coverage, including Standpoint Research’s analysts, who increased its forecast for the stock in mid May from “a Hold” to “a Buy”. Goldman began covering BCO with “Buy” recommendation on November 20, 2019. Imperial Capital maintained its rating on July 25, 2019. It rated BCO as “an Outperform”.

Price Performance Review of BCO

On Tuesday, Brink’s Co. [NYSE:BCO] saw its stock jump 0.40% to $90.99. Over the last five days, the stock has gained 4.04%. Brink’s Co. shares have risen nearly 3.46% since the year began. Nevertheless, the stocks have risen 43.77% over the past one year. While a 52-week high of $93.25 was reached on 03/28/24, a 52-week low of $62.13 was recorded on 02/05/24. SMA at 50 days reached $87.05, while 200 days put it at $79.51. A total of 0.33 million shares were traded, compared to the trading of 0.16 million shares in the previous session.

Levels Of Support And Resistance For BCO Stock

The 24-hour chart illustrates a support level at 90.45, which if violated will result in even more drops to 89.91. On the upside, there is a resistance level at 91.69. A further resistance level may holdings at 92.38. The Relative Strength Index (RSI) on the 14-day chart is 59.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.05, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 20.97%. Stochastics %K at 79.71% indicates the stock is a holding.

The most recent change occurred on September 12, 2018 when Berenberg began covering the stock and recommended ‘”a Buy”‘ rating along with a $90 price target.

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