Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Brixmor Property Group Inc shares valued at $127,250 were sold by Crosland Sheryl Maxwell on Aug 14 ’24. At $25.45 per share, Crosland Sheryl Maxwell sold 5,000 shares. The insider’s holdings dropped to 46,291 shares worth approximately $1.3 million following the completion of this transaction.
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Also, Crosland Sheryl Maxwell purchased 5,000 shares, netting a total of over 126,000 in proceeds.
Before that, Berman Michael B had sold 10,000 shares from its account. In a trade valued at $251,700, the Director traded Brixmor Property Group Inc shares for $25.17 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $1.01 million.
As published in a research note from Mizuho on February 23, 2024, Brixmor Property Group Inc [BRX] has been rated down from a Buy to a Neutral and the price target has been revised to $24 from $23. Analysts at Deutsche Bank started covering the stock with ‘”a Buy”‘ outlook in a report released in late January. As of September 05, 2023, Scotiabank has increased its “Sector perform” rating to a “Sector outperform” for BRX. Earlier on August 16, 2023, Goldman upgraded its rating. Their new recommendation was “a Buy” for BRX stock which previously was a “a Neutral”.
Analyzing BRX Stock Performance
During the last five days, there has been a surge of approximately 1.97%. Over the course of the year, Brixmor Property Group Inc shares have jumped approximately 20.37%. Shares of the company reached a 52-week high of $28.45 on 09/18/24 and a 52-week low of $20.80 on 04/16/24. A 50-day SMA is recorded $25.99, while a 200-day SMA reached $23.38. Nevertheless, trading volume fell to 4.78 million shares from 2.4 million shares the previous day.
Support And Resistance Levels for Brixmor Property Group Inc (BRX)
According to the 24-hour chart, there is a support level at 27.80, which, if violated, would cause prices to drop to 27.58. In the upper region, resistance lies at 28.31. The next price resistance is at 28.60. RSI (Relative Strength Index) is 70.35 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.44, which suggests the price will decrease in the coming days. Percent R is at 27.94%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
