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Brunswick Corp. (BC) receives a Buy rating from Northcoast

Brunswick Corp.’s filing revealed that its Officer Dibkey Brett A acquired Company’s shares for reported $1.21 million on Aug 21 ’24. In the deal valued at $72.00 per share,16,776 shares were bought.

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Then, NANCY E COOPER bought 358 shares, generating $29,159 in total proceeds.

Before that, COOPER NANCY E sold 358 shares. Brunswick Corp. shares valued at $29,120 were divested by the Director at a price of $81.34 per share. As a result of the transaction, COOPER NANCY E now holds 23,877 shares, worth roughly $1.96 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 1.79% to $82.00. Over the last five days, the stock has gained 7.39%. Brunswick Corp. shares have fallen nearly -15.25% since the year began. Nevertheless, the stocks have risen 2.47% 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 $75.77, while 200 days put it at $82.97.

Levels Of Support And Resistance For BC Stock

The 24-hour chart illustrates a support level at 81.17, which if violated will result in even more drops to 80.34. On the upside, there is a resistance level at 82.73. A further resistance level may holdings at 83.46. The Relative Strength Index (RSI) on the 14-day chart is 61.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.14, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.98%. Stochastics %K at 85.70% indicates the stock is a selling.

How much short interest is there in Brunswick Corp.?

A steep rise in short interest was recorded in Brunswick Corp. stocks on 2024-07-31, dropping by -0.78 million shares to a total of 4.6 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 5.37 million shares. There was a decline of -16.86%, which implies that there is a negative sentiment for the stock.

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