Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Berry Corp shares valued at $131,505 were sold by Hunter Danielle E. on Sep 01 ’23. At $8.77 per share, Hunter Danielle E. sold 15,000 shares. The insider’s holdings dropped to 148,757 shares worth approximately $0.95 million following the completion of this transaction.
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Also, Smith Arthur T. sold 81,365 shares, netting a total of over 673,694 in proceeds. Following the sale of shares at $8.28 each, the insider now holds 514,180 shares.
Before that, Hunter Danielle E. had sold 10,000 shares from its account. In a trade valued at $82,500, the President traded Berry Corp shares for $8.25 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $1.05 million.
As published in a research note from Piper Sandler on August 14, 2023, Berry Corp [BRY] has been rated down from an Overweight to a Neutral and the price target has been revised to $9. Analysts at Jefferies downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid July. As of October 19, 2022, Jefferies has initiated its “Buy” rating for BRY. Earlier on April 07, 2022, Piper Sandler upgraded its rating. Their new recommendation was “an Overweight” for BRY stock which previously was a “a Neutral”.
Analyzing BRY Stock Performance
During the last five days, there has been a drop of approximately -6.15%. Over the course of the year, Berry Corp shares have dropped approximately -7.09%. Shares of the company reached a 52-week high of $8.88 on 04/29/24 and a 52-week low of $6.18 on 06/04/24. A 50-day SMA is recorded $7.80, while a 200-day SMA reached $7.53. Nevertheless, trading volume fell to 1.53 million shares from 1.53 million shares the previous day.
Support And Resistance Levels for Berry Corp (BRY)
According to the 24-hour chart, there is a support level at 6.26, which, if violated, would cause prices to drop to 6.11. In the upper region, resistance lies at 6.49. The next price resistance is at 6.58. RSI (Relative Strength Index) is 27.35 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.49, which suggests the price will decrease in the coming days. Percent R is at 80.00%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
