Barrett Business Services Inc.’s recent filing unveils that its President & CEO Kramer Gary unloaded Company’s shares for reported $0.5 million on Aug 22 ’24. In the deal valued at $35.43 per share,14,036 shares were sold. As a result of this transaction, Kramer Gary now holds 228,507 shares worth roughly $8.34 million.
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Then, GARY KRAMER bought 14,036 shares, generating $497,345 in total proceeds.
Before that, Kramer Gary sold 34,288 shares. Barrett Business Services Inc. shares valued at $1,201,842 were divested by the President & CEO at a price of $35.05 per share. As a result of the transaction, Kramer Gary now holds 242,543 shares, worth roughly $8.86 million.
Sidoti downgraded its Barrett Business Services Inc. [BBSI] rating to a Neutral from a a Buy in a research note published recently. Barrington Research began covering BBSI with “an Outperform” recommendation on December 11, 2019. Sidoti started covering the stock on October 09, 2018. It rated BBSI as “a Buy”.
Price Performance Review of BBSI
On Friday, Barrett Business Services Inc. [NASDAQ:BBSI] saw its stock jump 0.94% to $36.51. Over the last five days, the stock has gained 2.07%. Barrett Business Services Inc. shares have risen nearly 26.11% since the year began. Nevertheless, the stocks have risen 51.82% over the past one year. While a 52-week high of $37.00 was reached on 08/01/24, a 52-week low of $21.59 was recorded on 02/13/24. SMA at 50 days reached $34.53, while 200 days put it at $30.93.
Levels Of Support And Resistance For BBSI Stock
The 24-hour chart illustrates a support level at 36.06, which if violated will result in even more drops to 35.62. On the upside, there is a resistance level at 36.76. A further resistance level may holdings at 37.01. The Relative Strength Index (RSI) on the 14-day chart is 65.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 2.49%. Stochastics %K at 87.21% indicates the stock is a selling.
How much short interest is there in Barrett Business Services Inc.?
A steep rise in short interest was recorded in Barrett Business Services Inc. stocks on 2024-08-15, growing by 0.11 million shares to a total of 0.44 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 0.33 million shares. There was a rise of 25.8%, which implies that there is a positive sentiment for the stock.
