In a filing, Beacon Roofing Supply Inc revealed its Officer CHRISTOPHER NELSON acquired Company’s shares for reported $0.14 million on Aug 02 ’24. In the deal valued at $85.00 per share,1,627 shares were bought.
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Then, Nelson Christopher Carl sold 2,955 shares, generating $269,230 in total proceeds. Upon selling the shares at $91.11, the EVP & CTO now owns 320 shares.
Before that, Francis Julian sold 9,841 shares. Beacon Roofing Supply Inc shares valued at $963,532 were divested by the President & CEO at a price of $97.91 per share. As a result of the transaction, Francis Julian now holds 90,245 shares, worth roughly $7.71 million.
The Benchmark Company initiated its Beacon Roofing Supply Inc [BECN] rating to a Buy in a research note published on April 18, 2024; the price target was $135. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who increased its forecast for the stock in late February from “a Neutral” to “an Outperform”. William Blair also remained covering BECN and has increased its forecast on January 08, 2024 with a “an Outperform” recommendation from previously “Mkt perform” rating. JP Morgan revised its rating on December 14, 2023. It rated BECN as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of BECN
On Friday, Beacon Roofing Supply Inc [NASDAQ:BECN] saw its stock fall -13.10% to $85.40. Over the last five days, the stock has lost -15.58%. Beacon Roofing Supply Inc shares have fallen nearly -1.86% since the year began. Nevertheless, the stocks have fallen -1.28% over the past one year. While a 52-week high of $105.42 was reached on 07/31/24, a 52-week low of $68.50 was recorded on 01/24/24. SMA at 50 days reached $95.45, while 200 days put it at $88.83. A total of 2.83 million shares were traded, compared to the trading of 0.99 million shares in the previous session.
Levels Of Support And Resistance For BECN Stock
The 24-hour chart illustrates a support level at 82.97, which if violated will result in even more drops to 80.53. On the upside, there is a resistance level at 88.27. A further resistance level may holdings at 91.13. The Relative Strength Index (RSI) on the 14-day chart is 35.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.85, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.92%. Stochastics%K at 36.28% indicates the stock is a holding.
