Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Brady Corp. shares valued at $251,600 were sold by Gioia Nancy Lee on Apr 15 ’24. At $59.20 per share, Gioia Nancy Lee sold 4,250 shares. The insider’s holdings dropped to 11,551 shares worth approximately $0.78 million following the completion of this transaction.
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Also, BRUNO ELIZABETH P sold 2,415 shares, netting a total of over 144,924 in proceeds. Following the sale of shares at $60.01 each, the insider now holds 326,178 shares.
Before that, BRUNO ELIZABETH P had sold 5,000 shares from its account. In a trade valued at $298,500, the Director traded Brady Corp. shares for $59.70 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $22.06 million.
As published in a research note from BofA Securities on January 02, 2024, Brady Corp. [BRC] has been rated up from an Underperform to a Buy and the price target has been revised to $65 from $51. Analysts at Wells Fargo downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in mid February. As of June 08, 2021, Wells Fargo has increased its “an Underweight” rating to a “an Overweight” for BRC. Earlier on August 28, 2020, Northcoast upgraded its rating. Their new recommendation was “a Buy” for BRC stock which previously was a “a Neutral”.
Analyzing BRC Stock Performance
During the last five days, there has been a surge of approximately 9.83%. Over the course of the year, Brady Corp. shares have jumped approximately 14.36%. Shares of the company reached a 52-week high of $67.19 on 05/22/24 and a 52-week low of $56.09 on 02/26/24. A 50-day SMA is recorded $59.55, while a 200-day SMA reached $56.97. Nevertheless, trading volume fell to 0.57 million shares from 0.19 million shares the previous day.
Support And Resistance Levels for Brady Corp. (BRC)
According to the 24-hour chart, there is a support level at 63.76, which, if violated, would cause prices to drop to 60.41. In the upper region, resistance lies at 68.83. The next price resistance is at 70.55. RSI (Relative Strength Index) is 80.89 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.57, which suggests the price will increase in the coming days. Percent R is at 0.84%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
