Green Brick Partners Inc’s filing revealed that its Chief Executive Officer Brickman James R. unloaded Company’s shares for reported $1.09 million on Aug 23 ’24. In the deal valued at $77.23 per share,14,100 shares were sold. As a result of this transaction, Brickman James R. now holds 1,600,411 shares worth roughly $117.09 million.
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Then, James R. Brickman bought 14,511 shares, generating $1,092,243 in total proceeds.
Before that, Olsen Kathleen sold 3,827 shares. Green Brick Partners Inc shares valued at $279,524 were divested by the Director at a price of $73.04 per share. As a result of the transaction, Olsen Kathleen now holds 69,397 shares, worth roughly $5.08 million.
B. Riley Securities downgraded its Green Brick Partners Inc [GRBK] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who increased its forecast for the stock in early May from “a Neutral” to “a Buy”. JP Morgan also remained covering GRBK and has increased its forecast on November 22, 2022 with a “Neutral” recommendation from previously “an Underweight” rating. JMP Securities revised its rating on August 19, 2022. It rated GRBK as “a Mkt perform” which previously was an “a Mkt outperform”.
Price Performance Review of GRBK
On Tuesday, Green Brick Partners Inc [NYSE:GRBK] saw its stock fall -0.81% to $73.16. Over the last five days, the stock has lost -3.74%. Green Brick Partners Inc shares have risen nearly 40.85% since the year began. Nevertheless, the stocks have risen 60.40% over the past one year. While a 52-week high of $81.06 was reached on 08/26/24, a 52-week low of $37.31 was recorded on 01/17/24. SMA at 50 days reached $69.92, while 200 days put it at $57.99.
Levels Of Support And Resistance For GRBK Stock
The 24-hour chart illustrates a support level at 71.80, which if violated will result in even more drops to 70.44. On the upside, there is a resistance level at 74.97. A further resistance level may holdings at 76.78. The Relative Strength Index (RSI) on the 14-day chart is 48.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.67%. Stochastics %K at 18.87% indicates the stock is a buying.
How much short interest is there in Green Brick Partners Inc?
A steep rise in short interest was recorded in Green Brick Partners Inc stocks on 2024-08-15, dropping by 44076.0 shares to a total of 1.15 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 1.19 million shares. There was a decline of -3.83%, which implies that there is a negative sentiment for the stock.
