The Baldwin Insurance Group Inc.’s recently made public that its Director Baldwin Lowry unloaded Company’s shares for reported $2.34 million on Aug 30 ’24. In the deal valued at $46.74 per share,50,000 shares were sold. As a result of this transaction, Baldwin Lowry now holds 0 shares worth roughly $0.0.
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Then, Galbraith Daniel sold 75,000 shares, generating $3,474,750 in total proceeds. Upon selling the shares at $46.33, the insider now owns 0 shares.
Before that, Baldwin Lowry bought 50,000 shares. The Baldwin Insurance Group Inc. shares valued at $2,335,067 were divested by the Affiliate at a price of $46.70 per share.
JP Morgan upgraded its The Baldwin Insurance Group Inc. [BWIN] rating to an Overweight from a a Neutral in a research note published on April 08, 2024; the price target was increased to $33 from $27. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in mid December from “an Outperform” to “a Strong buy”. Wells Fargo also remained covering BWIN and has decreased its forecast on November 08, 2023 with a “an Equal weight” recommendation from previously “an Overweight” rating. William Blair revised its rating on March 03, 2023. It rated BWIN as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of BWIN
On Friday, The Baldwin Insurance Group Inc. [NASDAQ:BWIN] saw its stock fall -4.08% to $48.71. Over the last five days, the stock has gained 1.02%. The Baldwin Insurance Group Inc. shares have risen nearly 102.79% since the year began. Nevertheless, the stocks have risen 89.09% over the past one year. While a 52-week high of $51.67 was reached on 09/19/24, a 52-week low of $17.33 was recorded on 02/06/24. SMA at 50 days reached $43.86, while 200 days put it at $32.20.
Levels Of Support And Resistance For BWIN Stock
The 24-hour chart illustrates a support level at 47.64, which if violated will result in even more drops to 46.58. On the upside, there is a resistance level at 50.71. A further resistance level may holdings at 52.72. The Relative Strength Index (RSI) on the 14-day chart is 62.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.44, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 42.48%. Stochastics %K at 80.44% indicates the stock is a selling.
How much short interest is there in The Baldwin Insurance Group Inc.?
A steep rise in short interest was recorded in The Baldwin Insurance Group Inc. stocks on 2024-08-30, dropping by -0.72 million shares to a total of 3.06 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 3.78 million shares. There was a decline of -23.51%, which implies that there is a negative sentiment for the stock.
