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Wolfe Research upgrades Broadridge Financial Solutions, Inc. (BR) stock to a Peer perform

Broadridge Financial Solutions, Inc.’s recent filing unveils that its Director Duelks Robert N unloaded Company’s shares for reported $0.69 million on Jun 05 ’24. In the deal valued at $198.06 per share,3,473 shares were sold. As a result of this transaction, Duelks Robert N now holds 22,588 shares worth roughly $4.48 million.

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Then, Carey Thomas P sold 2,500 shares, generating $501,007 in total proceeds. Upon selling the shares at $200.40, the Corporate VP now owns 9,361 shares.

Before that, DESCHUTTER DOUGLAS RICHARD sold 12,200 shares. Broadridge Financial Solutions, Inc. shares valued at $2,497,474 were divested by the Co-President ICS at a price of $204.71 per share. As a result of the transaction, DESCHUTTER DOUGLAS RICHARD now holds 32,480 shares, worth roughly $6.44 million.

Wolfe Research upgraded its Broadridge Financial Solutions, Inc. [BR] rating to a Peer perform from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who began to cover the stock in late April with a ‘”an Outperform”‘ rating. Morgan Stanley began covering BR with “an Equal-weight” recommendation on December 14, 2022.

Price Performance Review of BR

On Tuesday, Broadridge Financial Solutions, Inc. [NYSE:BR] saw its stock jump 0.88% to $198.29. Over the last five days, the stock has lost -1.10%. Broadridge Financial Solutions, Inc. shares have fallen nearly -3.63% since the year began. Nevertheless, the stocks have risen 19.72% over the past one year. While a 52-week high of $210.24 was reached on 01/30/24, a 52-week low of $161.85 was recorded on 05/08/24. SMA at 50 days reached $198.01, while 200 days put it at $194.17. A total of 0.26 million shares were traded, compared to the trading of 0.33 million shares in the previous session.

Levels Of Support And Resistance For BR Stock

The 24-hour chart illustrates a support level at 196.99, which if violated will result in even more drops to 195.70. On the upside, there is a resistance level at 199.02. A further resistance level may holdings at 199.75. The Relative Strength Index (RSI) on the 14-day chart is 49.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 47.08%. Stochastics%K at 43.43% indicates the stock is a holding.

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