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Potential Price Increase for Brunswick Corp. (BC) After Recent Insider Activity

In a filing, Brunswick Corp. revealed its E.V.P. & President BA Preisser Brenna unloaded Company’s shares for reported $0.1 million on May 09 ’24. In the deal valued at $82.09 per share,1,225 shares were sold. As a result of this transaction, Preisser Brenna now holds 58,076 shares worth roughly $4.74 million.

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Then, COOPER NANCY E sold 357 shares, generating $28,681 in total proceeds. Upon selling the shares at $80.34, the Director now owns 23,211 shares.

Before that, FOULKES DAVID M sold 35,000 shares. Brunswick Corp. shares valued at $3,048,850 were divested by the Chief Executive Officer at a price of $87.11 per share. As a result of the transaction, FOULKES DAVID M now holds 272,626 shares, worth roughly $22.27 million.

Northcoast upgraded its Brunswick Corp. [BC] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including The Benchmark Company’s analysts, who began to cover the stock in late May with a ‘”a Buy”‘ rating. Exane BNP Paribas also remained covering BC and has decreased its forecast on April 15, 2024 with a “Neutral” recommendation from previously “an Outperform” rating. B. Riley Securities revised its rating on February 20, 2024. It rated BC as “a Buy” which previously was an “a Neutral”.

Price Performance Review of BC

On Monday, Brunswick Corp. [NYSE:BC] saw its stock jump 2.14% to $81.69. Over the last five days, the stock has gained 4.77%. Brunswick Corp. shares have fallen nearly -15.57% since the year began. Nevertheless, the stocks have fallen -4.51% over the past one year. While a 52-week high of $99.68 was reached on 01/02/24, a 52-week low of $66.47 was recorded on 07/05/24. SMA at 50 days reached $76.53, while 200 days put it at $82.45. A total of 1.32 million shares were traded, compared to the trading of 1.57 million shares in the previous session.

Levels Of Support And Resistance For BC Stock

The 24-hour chart illustrates a support level at 80.22, which if violated will result in even more drops to 78.76. On the upside, there is a resistance level at 83.43. A further resistance level may holdings at 85.18. The Relative Strength Index (RSI) on the 14-day chart is 60.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.10, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 14.37%. Stochastics%K at 76.97% indicates the stock is a holding.

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