Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. The Baldwin Insurance Group Inc. shares valued at $4,262,018 were sold by Baldwin Lowry on May 21 ’24. At $34.10 per share, Baldwin Lowry sold 125,000 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Roche James Morgan sold 5,000 shares, netting a total of over 153,050 in proceeds. Following the sale of shares at $30.61 each, the insider now holds 233,499 shares.
Before that, Galbraith Daniel had sold 80,932 shares from its account. In a trade valued at $2,414,202, the insider traded The Baldwin Insurance Group Inc. shares for $29.83 each. Upon closing the transaction, the insider’s holdings decreased to 80,932 shares, worth approximately $0.0.
As published in a research note from JP Morgan on April 08, 2024, The Baldwin Insurance Group Inc. [BWIN] has been rated up from a Neutral to an Overweight and the price target has been revised to $33 from $27. Analysts at Raymond James upgraded the stock from ‘”an Outperform”‘ to ‘”a Strong buy”‘ outlook in a report released in mid December. As of November 08, 2023, Wells Fargo has decreased its “an Overweight” rating to a “an Equal weight” for BWIN. Earlier on March 03, 2023, William Blair downgraded its rating. Their new recommendation was “a Mkt perform” for BWIN stock which previously was a “an Outperform”.
Analyzing BWIN Stock Performance
During the last five days, there has been a surge of approximately 2.40%. Over the course of the year, The Baldwin Insurance Group Inc. shares have jumped approximately 49.04%. Shares of the company reached a 52-week high of $36.63 on 07/02/24 and a 52-week low of $21.70 on 02/06/24. A 50-day SMA is recorded $32.25, while a 200-day SMA reached $26.22.
Support And Resistance Levels for The Baldwin Insurance Group Inc. (BWIN)
According to the 24-hour chart, there is a support level at 35.34, which, if violated, would cause prices to drop to 34.89. In the upper region, resistance lies at 36.31. The next price resistance is at 36.83. RSI (Relative Strength Index) is 61.69 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.63, which suggests the price will increase in the coming days. Percent R is at 16.09%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.
