Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Brinker International, Inc. shares valued at $215,480 were sold by Comings Douglas N. on Jun 05 ’24. At $72.97 per share, Comings Douglas N. sold 2,953 shares. The insider’s holdings dropped to 38,164 shares worth approximately $2.43 million following the completion of this transaction.
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Also, Fuller Daniel S sold 3,611 shares, netting a total of over 249,303 in proceeds. Following the sale of shares at $69.04 each, the insider now holds 34,764 shares.
Before that, Comings Douglas N. had sold 10,000 shares from its account. In a trade valued at $683,100, the SVP & COO, Chili’s traded Brinker International, Inc. shares for $68.31 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $2.43 million.
As published in a research note from Raymond James on July 08, 2024, Brinker International, Inc. [EAT] has been rated down from a Strong buy to an Outperform and the price target has been revised to $82.50 from $62. Analysts at Argus upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late May. As of January 16, 2024, Gordon Haskett has increased its “Hold” rating to a “Buy” for EAT. Earlier on January 16, 2024, Morgan Stanley downgraded its rating. Their new recommendation was “an Underweight” for EAT stock which previously was a “an Equal-weight”.
Analyzing EAT Stock Performance
During the last five days, there has been a surge of approximately 1.24%. Over the course of the year, Brinker International, Inc. shares have jumped approximately 47.50%. Shares of the company reached a 52-week high of $76.02 on 06/25/24 and a 52-week low of $37.25 on 01/16/24. A 50-day SMA is recorded $68.14, while a 200-day SMA reached $49.72. Nevertheless, trading volume fell to 1.48 million shares from 1.22 million shares the previous day.
Support And Resistance Levels for Brinker International, Inc. (EAT)
According to the 24-hour chart, there is a support level at 61.74, which, if violated, would cause prices to drop to 59.78. In the upper region, resistance lies at 66.57. The next price resistance is at 69.44. RSI (Relative Strength Index) is 42.85 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.86, which suggests the price will decrease in the coming days. Percent R is at 74.49%, indicating bearish price movement. Stochastics%K at holding indicates that the stock is to be held.
