Boise Cascade Co’s recent filing unveils that its EVP, BMD Strom Jeffrey Robert unloaded Company’s shares for reported $0.42 million on May 15 ’24. In the deal valued at $140.00 per share,3,000 shares were sold. As a result of this transaction, Strom Jeffrey Robert now holds 40,353 shares worth roughly $4.67 million.
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Then, Twedt Jill sold 1,852 shares, generating $250,020 in total proceeds. Upon selling the shares at $135.00, the SVP General Counsel & Corp Sec now owns 37,437 shares.
Before that, Strom Jeffrey Robert sold 2,500 shares. Boise Cascade Co shares valued at $337,500 were divested by the EVP, BMD at a price of $135.00 per share. As a result of the transaction, Strom Jeffrey Robert now holds 43,353 shares, worth roughly $5.02 million.
BofA Securities downgraded its Boise Cascade Co [BCC] rating to an Underperform from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in early July from “an Underperform” to “a Neutral”. Truist also remained covering BCC and has increased its forecast on June 28, 2023 with a “Buy” recommendation from previously “Hold” rating. BofA Securities revised its rating on October 13, 2022. It rated BCC as “an Underperform” which previously was an “a Neutral”.
Price Performance Review of BCC
On Tuesday, Boise Cascade Co [NYSE:BCC] saw its stock fall -1.56% to $115.85. Over the last five days, the stock has lost -1.63%. Boise Cascade Co shares have fallen nearly -10.44% since the year began. Nevertheless, the stocks have risen 34.15% over the past one year. While a 52-week high of $154.67 was reached on 04/01/24, a 52-week low of $83.46 was recorded on 06/25/24. SMA at 50 days reached $131.65, while 200 days put it at $124.53. A total of 0.29 million shares were traded, compared to the trading of 0.38 million shares in the previous session.
Levels Of Support And Resistance For BCC Stock
The 24-hour chart illustrates a support level at 115.11, which if violated will result in even more drops to 114.38. On the upside, there is a resistance level at 117.23. A further resistance level may holdings at 118.62. The Relative Strength Index (RSI) on the 14-day chart is 29.14, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.98, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.23%. Stochastics%K at 9.13% indicates the stock is a buying.
The most recent change occurred on June 29, 2022 when Truist began covering the stock and recommended ‘”a Hold”‘ rating along with a $64 price target.
