Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Brunswick Corp. shares valued at $100,560 were sold by Preisser Brenna on May 09 ’24. At $82.09 per share, Preisser Brenna sold 1,225 shares. The insider’s holdings dropped to 58,076 shares worth approximately $4.59 million following the completion of this transaction.
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Also, COOPER NANCY E sold 357 shares, netting a total of over 28,681 in proceeds. Following the sale of shares at $80.34 each, the insider now holds 23,211 shares.
Before that, FOULKES DAVID M had sold 35,000 shares from its account. In a trade valued at $3,048,850, the Chief Executive Officer traded Brunswick Corp. shares for $87.11 each. Upon closing the transaction, the insider’s holdings decreased to 35,000 shares, worth approximately $21.54 million.
As published in their initiating research note from The Benchmark Company on May 22, 2024, Brunswick Corp. [BC] has been a Buy and the price target has been revised to $100. Analysts at Exane BNP Paribas downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in mid April. As of February 20, 2024, B. Riley Securities has increased its “Neutral” rating to a “Buy” for BC. Earlier on January 04, 2024, Raymond James downgraded its rating. Their new recommendation was “a Mkt perform” for BC stock which previously was a “an Outperform”.
Analyzing BC Stock Performance
During the last five days, there has been a drop of approximately -0.35%. Over the course of the year, Brunswick Corp. shares have dropped approximately -18.33%. Shares of the company reached a 52-week high of $97.03 on 01/02/24 and a 52-week low of $69.05 on 07/05/24. A 50-day SMA is recorded $76.64, while a 200-day SMA reached $82.39. Nevertheless, trading volume fell to 2.74 million shares from 1.67 million shares the previous day.
Support And Resistance Levels for Brunswick Corp. (BC)
According to the 24-hour chart, there is a support level at 75.47, which, if violated, would cause prices to drop to 71.91. In the upper region, resistance lies at 81.44. The next price resistance is at 83.85. RSI (Relative Strength Index) is 55.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.05, which suggests the price will decrease in the coming days. Percent R is at 30.79%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
