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Checking in on Brunswick Corp. (BC) after recent insiders movement

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Brunswick Corp.’s recent filing unveils that its E.V.P. & President BA Preisser Brenna unloaded Company’s shares for reported $0.1 million on May 09 ’24. In the deal valued at $82.09 per share,1,225 shares were sold. As a result of this transaction, Preisser Brenna now holds 58,076 shares worth roughly $4.7 million.

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Then, COOPER NANCY E sold 357 shares, generating $28,681 in total proceeds. Upon selling the shares at $80.34, the Director now owns 23,211 shares.

Before that, FOULKES DAVID M sold 35,000 shares. Brunswick Corp. shares valued at $3,048,850 were divested by the Chief Executive Officer at a price of $87.11 per share. As a result of the transaction, FOULKES DAVID M now holds 272,626 shares, worth roughly $22.06 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 Tuesday, Brunswick Corp. [NYSE:BC] saw its stock fall -0.78% to $80.93. Over the last five days, the stock has lost -3.83%. Brunswick Corp. shares have fallen nearly -16.35% since the year began. Nevertheless, the stocks have risen 5.93% 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 $86.80, while 200 days put it at $83.23. A total of 0.42 million shares were traded, compared to the trading of 0.47 million shares in the previous session.

Levels Of Support And Resistance For BC Stock

The 24-hour chart illustrates a support level at 80.37, which if violated will result in even more drops to 79.81. On the upside, there is a resistance level at 81.59. A further resistance level may holdings at 82.25. The Relative Strength Index (RSI) on the 14-day chart is 39.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.88, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.85%. Stochastics %K at 27.42% indicates the stock is a holding.

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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