In a filing, Brixmor Property Group Inc revealed its insider SIEGEL STEVEN F unloaded Company’s shares for reported $0.24 million on Jul 17 ’24. In the deal valued at $24.50 per share,10,000 shares were sold. As a result of this transaction, SIEGEL STEVEN F now holds 350,004 shares worth roughly $8.6 million.
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Then, SIEGEL STEVEN F sold 10,000 shares, generating $240,000 in total proceeds. Upon selling the shares at $24.00, the insider now owns 360,004 shares.
Before that, Finnegan Brian T sold 7,500 shares. Brixmor Property Group Inc shares valued at $172,500 were divested by the insider at a price of $23.00 per share. As a result of the transaction, Finnegan Brian T now holds 225,051 shares, worth roughly $5.53 million.
Mizuho downgraded its Brixmor Property Group Inc [BRX] rating to a Neutral from a a Buy in a research note published on February 23, 2024; the price target was increased to $24 from $23. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in late January with a ‘”a Buy”‘ rating. Scotiabank also remained covering BRX and has increased its forecast on September 05, 2023 with a “Sector outperform” recommendation from previously “Sector perform” rating. Goldman revised its rating on August 16, 2023. It rated BRX as “a Buy” which previously was an “a Neutral”.
Price Performance Review of BRX
On Friday, Brixmor Property Group Inc [NYSE:BRX] saw its stock jump 1.49% to $24.56. Over the last five days, the stock has gained 0.78%. Brixmor Property Group Inc shares have risen nearly 5.54% since the year began. Nevertheless, the stocks have risen 6.97% over the past one year. While a 52-week high of $24.97 was reached on 07/24/24, a 52-week low of $19.46 was recorded on 04/16/24. SMA at 50 days reached $22.83, while 200 days put it at $22.32. A total of 1.63 million shares were traded, compared to the trading of 1.89 million shares in the previous session.
Levels Of Support And Resistance For BRX Stock
The 24-hour chart illustrates a support level at 24.30, which if violated will result in even more drops to 24.04. On the upside, there is a resistance level at 24.73. A further resistance level may holdings at 24.90. The Relative Strength Index (RSI) on the 14-day chart is 67.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 15.86%. Stochastics%K at 74.34% indicates the stock is a holding.
The most recent change occurred on May 24, 2023 when Wells Fargo began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $21 price target.
