Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Brookline Bancorp, Inc. shares valued at $20,928 were purchased by Hollister Thomas J on May 08 ’24. At $8.72 per share, Hollister Thomas J acquired 2,400 shares. The insider’s holdings grew to 7,800 shares worth approximately $81276.0 following the completion of this transaction.
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Also, Hill Willard I JR purchased 2,000 shares, netting a total of over 16,878 in proceeds. Following the buying of shares at $8.44 each, the insider now holds 25,631 shares.
Before that, Cosman James M had sold 16,000 shares from its account. In a trade valued at $154,560, the Chief Operations Officer traded Brookline Bancorp, Inc. shares for $9.66 each. Upon closing the transaction, the insider’s holdings decreased to 16,000 shares, worth approximately $0.73 million.
As published in their initiating research note from Hovde Group on September 20, 2023, Brookline Bancorp, Inc. [BRKL] has been an Outperform and the price target has been revised to $10.75. Analysts at Seaport Research Partners started covering the stock with ‘”a Buy”‘ outlook in a report released in mid September. As of December 21, 2022, Raymond James has initiated its “Mkt perform” rating for BRKL.
Analyzing BRKL Stock Performance
During the last five days, there has been a surge of approximately 3.48%. Over the course of the year, Brookline Bancorp, Inc. shares have dropped approximately -4.49%. Shares of the company reached a 52-week high of $11.52 on 01/30/24 and a 52-week low of $8.01 on 06/14/24. A 50-day SMA is recorded $8.85, while a 200-day SMA reached $9.47. Nevertheless, trading volume fell to 0.54 million shares from 0.53 million shares the previous day.
Support And Resistance Levels for Brookline Bancorp, Inc. (BRKL)
According to the 24-hour chart, there is a support level at 10.05, which, if violated, would cause prices to drop to 9.69. In the upper region, resistance lies at 10.63. The next price resistance is at 10.85. RSI (Relative Strength Index) is 73.07 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.70, which suggests the price will decrease in the coming days. Percent R is at 8.14%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.