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A Guide To The Risks Of Investing In Brady Corp. (BRC)

Brady Corp.’s filing revealed that its Director Gioia Nancy Lee unloaded Company’s shares for reported $0.25 million on Apr 15 ’24. In the deal valued at $59.20 per share,4,250 shares were sold. As a result of this transaction, Gioia Nancy Lee now holds 11,551 shares worth roughly $0.75 million.

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Then, BRUNO ELIZABETH P sold 2,415 shares, generating $144,924 in total proceeds. Upon selling the shares at $60.01, the Director now owns 326,178 shares.

Before that, BRUNO ELIZABETH P sold 5,000 shares. Brady Corp. shares valued at $298,500 were divested by the Director at a price of $59.70 per share. As a result of the transaction, BRUNO ELIZABETH P now holds 328,593 shares, worth roughly $21.31 million.

BofA Securities upgraded its Brady Corp. [BRC] rating to a Buy from a an Underperform in a research note published on January 02, 2024; the price target was increased to $65 from $51. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in mid February from “an Overweight” to “an Equal weight”. Wells Fargo also remained covering BRC and has increased its forecast on June 08, 2021 with a “an Overweight” recommendation from previously “an Underweight” rating. Northcoast revised its rating on August 28, 2020. It rated BRC as “a Buy” which previously was an “a Neutral”.

Price Performance Review of BRC

On Tuesday, Brady Corp. [NYSE:BRC] saw its stock fall -0.49% to $64.84. Over the last five days, the stock has lost -1.61%. Brady Corp. shares have risen nearly 10.48% since the year began. Nevertheless, the stocks have risen 36.30% over the past one year. While a 52-week high of $68.80 was reached on 05/23/24, a 52-week low of $46.77 was recorded on 02/26/24. SMA at 50 days reached $63.69, while 200 days put it at $58.98. A total of 0.31 million shares were traded, compared to the trading of 0.21 million shares in the previous session.

Levels Of Support And Resistance For BRC Stock

The 24-hour chart illustrates a support level at 64.44, which if violated will result in even more drops to 64.05. On the upside, there is a resistance level at 65.24. A further resistance level may holdings at 65.65. The Relative Strength Index (RSI) on the 14-day chart is 46.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.80%. Stochastics%K at 28.56% indicates the stock is a holding.

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