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BRC Inc [BRCC] Records 200-Day SMA of $4.09

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. BRC Inc shares valued at $770,000 were purchased by Welling Glenn W. on Dec 11 ’23. At $3.85 per share, Welling Glenn W. acquired 200,000 shares. The insider’s holdings grew to 12,851,018 shares worth approximately $78.78 million following the completion of this transaction.

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Also, DAVIN THOMAS E sold 300,000 shares, netting a total of over 1,155,000 in proceeds. Following the sale of shares at $3.85 each, the insider now holds 16,597 shares.

Before that, DAVIN THOMAS E had sold 100,000 shares from its account. In a trade valued at $385,000, the Co-Chief Executive Officer traded BRC Inc shares for $3.85 each. Upon closing the transaction, the insider’s holdings decreased to 100,000 shares, worth approximately $0.0.

As published in their initiating research note from Needham on May 31, 2023, BRC Inc [BRCC] has been a Hold. As of May 26, 2022, Tigress Financial has initiated its “Buy” rating for BRCC. Earlier on April 05, 2022, Raymond James downgraded its rating. Their new recommendation was “a Mkt perform” for BRCC stock which previously was a “an Outperform”.

Analyzing BRCC Stock Performance

During the last five days, there has been a drop of approximately -2.23%. Over the course of the year, BRC Inc shares have jumped approximately 68.87%. Shares of the company reached a 52-week high of $6.30 on 05/29/24 and a 52-week low of $3.54 on 01/17/24. A 50-day SMA is recorded $4.80, while a 200-day SMA reached $4.09. Nevertheless, trading volume fell to 0.93 million shares from 0.47 million shares the previous day.

Support And Resistance Levels for BRC Inc (BRCC)

According to the 24-hour chart, there is a support level at 5.80, which, if violated, would cause prices to drop to 5.48. In the upper region, resistance lies at 6.30. The next price resistance is at 6.48. RSI (Relative Strength Index) is 64.77 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.02, which suggests the price will decrease in the coming days. Percent R is at 19.77%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

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