The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Greenbrier Cos., Inc. shares valued at $302,211 were sold by Dornan Laurie R on Jul 31 ’24. At $50.92 per share, Dornan Laurie R sold 5,935 shares. The insider’s holdings dropped to 23,226 shares worth approximately $1.1 million following the completion of this transaction.
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Also, Dornan Laurie R purchased 5,935 shares, netting a total of over 302,211 in proceeds.
Before that, Comstock Brian J had sold 10,000 shares from its account. In a trade valued at $524,800, the EVP & President, The Americas traded Greenbrier Cos., Inc. shares for $52.48 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $3.31 million.
As published in a research note from TD Cowen on April 08, 2024, Greenbrier Cos., Inc. [GBX] has been retained to a Buy and the price target has been revised to $60. Analysts at Susquehanna upgraded the stock from ‘”a Neutral”‘ to ‘”a Positive”‘ outlook in a report released in mid October. As of September 07, 2023, Wells Fargo has decreased its “an Overweight” rating to a “an Equal weight” for GBX. Earlier on January 17, 2023, BofA Securities downgraded its rating. Their new recommendation was “an Underperform” for GBX stock which previously was a “a Neutral”.
Analyzing GBX Stock Performance
During the last five days, there has been a drop of approximately -0.61%. Over the course of the year, Greenbrier Cos., Inc. shares have jumped approximately 7.02%. Shares of the company reached a 52-week high of $58.00 on 04/05/24 and a 52-week low of $41.40 on 07/08/24. A 50-day SMA is recorded $47.48, while a 200-day SMA reached $47.92. Nevertheless, trading volume fell to 0.24 million shares from 0.28 million shares the previous day.
Support And Resistance Levels for Greenbrier Cos., Inc. (GBX)
According to the 24-hour chart, there is a support level at 46.84, which, if violated, would cause prices to drop to 46.41. In the upper region, resistance lies at 47.58. The next price resistance is at 47.88. RSI (Relative Strength Index) is 49.96 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.52, which suggests the price will decrease in the coming days. Percent R is at 49.40%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
