Brookfield Corporation’s recently made public that its Director OCM Growth Holdings LLC unloaded Company’s shares for reported $4.76 million on Jun 10 ’24. In the deal valued at $11.90 per share,400,000 shares were sold. As a result of this transaction, OCM Growth Holdings LLC now holds 10,779,668 shares worth roughly $446.39 million.
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Then, OCM Growth Holdings LLC sold 4,312,500 shares, generating $49,593,750 in total proceeds. Upon selling the shares at $11.50, the Director now owns 11,179,668 shares.
Before that, Oaktree Capital Group Holdings sold 7,131 shares. Brookfield Corporation shares valued at $155,099 were divested by the 10% Owner at a price of $21.75 per share. As a result of the transaction, Oaktree Capital Group Holdings now holds 0 shares, worth roughly $0.0.
Canaccord Genuity downgraded its Brookfield Corporation [BN] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who decreased its forecast for the stock in mid May from “an Outperform” to “a Mkt perform”. Credit Suisse also remained covering BN and has increased its forecast on March 20, 2023 with a “an Outperform” recommendation from previously “Neutral” rating. Credit Suisse revised its rating on February 06, 2023. It rated BN as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of BN
On Monday, Brookfield Corporation [NYSE:BN] saw its stock jump 2.07% to $41.41. Over the last five days, the stock has gained 1.12%. Brookfield Corporation shares have risen nearly 3.22% since the year began. Nevertheless, the stocks have risen 30.30% over the past one year. While a 52-week high of $45.11 was reached on 05/15/24, a 52-week low of $28.84 was recorded on 01/03/24. SMA at 50 days reached $42.07, while 200 days put it at $38.28.
Levels Of Support And Resistance For BN Stock
The 24-hour chart illustrates a support level at 40.86, which if violated will result in even more drops to 40.30. On the upside, there is a resistance level at 41.76. A further resistance level may holdings at 42.10. The Relative Strength Index (RSI) on the 14-day chart is 45.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.92%. Stochastics %K at 25.76% indicates the stock is a holding.
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