Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Broadwind Inc shares valued at $26,284 were sold by Schueller Daniel E. on May 28 ’24. At $4.53 per share, Schueller Daniel E. sold 5,800 shares. The insider’s holdings dropped to 146,694 shares worth approximately $0.47 million following the completion of this transaction.
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Also, Shivaram Sachin M purchased 10,000 shares, netting a total of over 21,800 in proceeds. Following the buying of shares at $2.18 each, the insider now holds 64,512 shares.
Before that, Wagner Thomas A. had sold 10,000 shares from its account. In a trade valued at $39,926, the Director traded Broadwind Inc shares for $3.99 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $0.27 million.
As published in a research note from H.C. Wainwright on January 17, 2023, Broadwind Inc [BWEN] has been rated up from a Neutral to a Buy and the price target has been revised to $12. Analysts at Johnson Rice downgraded the stock from ‘”a Buy”‘ to ‘”a Accumulate”‘ outlook in a report released in mid November. As of January 26, 2021, H.C. Wainwright has decreased its “Buy” rating to a “Neutral” for BWEN. Earlier on September 10, 2020, Johnson Rice initiated its rating. Their recommendation was “a Buy” for BWEN stock.
Analyzing BWEN Stock Performance
During the last five days, there has been a drop of approximately -8.50%. Over the course of the year, Broadwind Inc shares have jumped approximately 14.62%. Shares of the company reached a 52-week high of $4.65 on 05/28/24 and a 52-week low of $2.02 on 04/25/24. A 50-day SMA is recorded $3.20, while a 200-day SMA reached $2.74. Nevertheless, trading volume fell to 68278.0 shares from 0.17 million shares the previous day.
Support And Resistance Levels for Broadwind Inc (BWEN)
According to the 24-hour chart, there is a support level at 3.11, which, if violated, would cause prices to drop to 2.94. In the upper region, resistance lies at 3.37. The next price resistance is at 3.46. RSI (Relative Strength Index) is 41.12 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.35, which suggests the price will decrease in the coming days. Percent R is at 79.28%, indicating bearish price movement. Stochastics%K at buying indicates that the stock is to be held.
