Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Brown & Brown, Inc. shares valued at $250,800 were sold by Watts R. Andrew on Aug 08 ’24. At $100.32 per share, Watts R. Andrew sold 2,500 shares. The insider’s holdings dropped to 88,445 shares worth approximately $8.95 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Watts R. Andrew purchased 2,500 shares, netting a total of over 250,809 in proceeds.
Before that, Turpin Julie had sold 3,350 shares from its account. In a trade valued at $301,232, the EVP/Chief People Officer traded Brown & Brown, Inc. shares for $89.92 each. Upon closing the transaction, the insider’s holdings decreased to 3,350 shares, worth approximately $2.39 million.
As published in a research note from Wells Fargo on August 12, 2024, Brown & Brown, Inc. [BRO] has been rated up from an Equal weight to an Overweight and the price target has been revised to $112 from $94. Analysts at BofA Securities upgraded the stock from ‘”an Underperform”‘ to ‘”a Neutral”‘ outlook in a report released in late May. As of March 13, 2024, BofA Securities has decreased its “Neutral” rating to a “an Underperform” for BRO. Earlier on January 09, 2024, Jefferies downgraded its rating. Their new recommendation was “a Hold” for BRO stock which previously was a “a Buy”.
Analyzing BRO Stock Performance
During the last five days, there has been a surge of approximately 0.88%. Over the course of the year, Brown & Brown, Inc. shares have jumped approximately 42.30%. Shares of the company reached a 52-week high of $103.16 on 08/02/24 and a 52-week low of $69.24 on 01/05/24. A 50-day SMA is recorded $94.24, while a 200-day SMA reached $83.27. Nevertheless, trading volume fell to 1.17 million shares from 1.11 million shares the previous day.
Support And Resistance Levels for Brown & Brown, Inc. (BRO)
According to the 24-hour chart, there is a support level at 100.51, which, if violated, would cause prices to drop to 99.82. In the upper region, resistance lies at 101.84. The next price resistance is at 102.48. RSI (Relative Strength Index) is 65.90 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.87, which suggests the price will decrease in the coming days. Percent R is at 37.10%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
