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Brookline Bancorp, Inc. (BRKL) may enjoy gains as insiders got busy in the recent days

In a filing, Brookline Bancorp, Inc. revealed its Director Hollister Thomas J acquired Company’s shares for reported $20928.0 on May 08 ’24. In the deal valued at $8.72 per share,2,400 shares were bought. As a result of this transaction, Hollister Thomas J now holds 7,800 shares worth roughly $69888.0.

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Then, Hill Willard I JR bought 2,000 shares, generating $16,878 in total proceeds. Upon buying the shares at $8.44, the Director now owns 25,631 shares.

Before that, Cosman James M sold 16,000 shares. Brookline Bancorp, Inc. shares valued at $154,560 were divested by the Chief Operations Officer at a price of $9.66 per share. As a result of the transaction, Cosman James M now holds 69,873 shares, worth roughly $0.63 million.

Hovde Group initiated its Brookline Bancorp, Inc. [BRKL] rating to an Outperform in a research note published on September 20, 2023; the price target was $10.75. A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who began to cover the stock in mid September with a ‘”a Buy”‘ rating. Raymond James began covering BRKL with “Mkt perform” recommendation on December 21, 2022.

Price Performance Review of BRKL

On Tuesday, Brookline Bancorp, Inc. [NASDAQ:BRKL] saw its stock jump 1.93% to $8.96. Over the last five days, the stock has gained 2.28%. Brookline Bancorp, Inc. shares have fallen nearly -17.87% since the year began. Nevertheless, the stocks have risen 17.89% over the past one year. While a 52-week high of $11.52 was reached on 01/30/24, a 52-week low of $7.56 was recorded on 04/25/24. SMA at 50 days reached $9.26, while 200 days put it at $9.64. A total of 0.36 million shares were traded, compared to the trading of 0.28 million shares in the previous session.

Levels Of Support And Resistance For BRKL Stock

The 24-hour chart illustrates a support level at 8.87, which if violated will result in even more drops to 8.78. On the upside, there is a resistance level at 9.04. A further resistance level may holdings at 9.11. The Relative Strength Index (RSI) on the 14-day chart is 49.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 8.29%. Stochastics %K at 62.48% indicates the stock is a holding.

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