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Green Brick Partners Inc [GRBK] Investment Appeal on the Rise

In a filing, Green Brick Partners Inc revealed its Director Press Richard S acquired Company’s shares for reported $84664.0 on May 06 ’24. In the deal valued at $57.44 per share,1,474 shares were bought. As a result of this transaction, Press Richard S now holds 1,000 shares worth roughly $56470.0.

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Then, COSTELLO RICHARD ARTHUR sold 40,000 shares, generating $2,270,800 in total proceeds. Upon selling the shares at $56.77, the Chief Financial Officer now owns 52,116 shares.

Before that, Press Richard S bought 1,000 shares. Green Brick Partners Inc shares valued at $51,840 were divested by the Director at a price of $51.84 per share. As a result of the transaction, Press Richard S now holds 88,063 shares, worth roughly $4.97 million.

B. Riley Securities downgraded its Green Brick Partners Inc [GRBK] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who increased its forecast for the stock in early May from “a Neutral” to “a Buy”. JP Morgan also remained covering GRBK and has increased its forecast on November 22, 2022 with a “Neutral” recommendation from previously “an Underweight” rating. JMP Securities revised its rating on August 19, 2022. It rated GRBK as “a Mkt perform” which previously was an “a Mkt outperform”.

Price Performance Review of GRBK

On Tuesday, Green Brick Partners Inc [NYSE:GRBK] saw its stock fall -1.86% to $56.47. Over the last five days, the stock has gained 1.36%. Green Brick Partners Inc shares have risen nearly 8.72% since the year began. Nevertheless, the stocks have risen 8.66% over the past one year. While a 52-week high of $61.62 was reached on 03/28/24, a 52-week low of $37.31 was recorded on 01/17/24. SMA at 50 days reached $56.24, while 200 days put it at $50.21. A total of 0.34 million shares were traded, compared to the trading of 0.31 million shares in the previous session.

Levels Of Support And Resistance For GRBK Stock

The 24-hour chart illustrates a support level at 55.93, which if violated will result in even more drops to 55.38. On the upside, there is a resistance level at 57.21. A further resistance level may holdings at 57.94. The Relative Strength Index (RSI) on the 14-day chart is 52.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.73, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.77%. Stochastics %K at 64.84% indicates the stock is a holding.

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