Bellring Brands Inc’s recent filing unveils that its EXECUTIVE CHAIRMAN VITALE ROBERT V unloaded Company’s shares for reported $0.9 million on May 14 ’24. In the deal valued at $60.15 per share,15,000 shares were sold. As a result of this transaction, VITALE ROBERT V now holds 215,054 shares worth roughly $13.06 million.
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Then, STEIN ELLIOT JR sold 1,000 shares, generating $57,807 in total proceeds. Upon selling the shares at $57.81, the Director now owns 24,646 shares.
Deutsche Bank initiated its Bellring Brands Inc [BRBR] rating to a Buy in a research note published on May 23, 2024; the price target was $67. A number of analysts have revised their coverage, including TD Cowen’s analysts, who began to cover the stock in late April with a ‘”a Buy”‘ rating. Citigroup began covering BRBR with “Buy” recommendation on February 01, 2024. Truist revised its rating on January 03, 2024. It rated BRBR as “a Hold” which previously was an “a Buy”.
Price Performance Review of BRBR
On Monday, Bellring Brands Inc [NYSE:BRBR] saw its stock fall -0.64% to $60.72. Over the last five days, the stock has lost -0.36%. Bellring Brands Inc shares have risen nearly 9.54% since the year began. Nevertheless, the stocks have risen 48.71% over the past one year. While a 52-week high of $62.76 was reached on 03/07/24, a 52-week low of $39.90 was recorded on 08/05/24. SMA at 50 days reached $55.52, while 200 days put it at $56.50.
Levels Of Support And Resistance For BRBR Stock
The 24-hour chart illustrates a support level at 60.29, which if violated will result in even more drops to 59.86. On the upside, there is a resistance level at 61.36. A further resistance level may holdings at 61.99. The Relative Strength Index (RSI) on the 14-day chart is 66.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.04, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 19.66%. Stochastics %K at 85.92% indicates the stock is a selling.
How much short interest is there in Bellring Brands Inc?
A steep rise in short interest was recorded in Bellring Brands Inc stocks on 2024-09-13, dropping by -0.19 million shares to a total of 2.32 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 2.51 million shares. There was a decline of -8.28%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 08, 2023 when DA Davidson began covering the stock and recommended ‘”a Neutral”‘ rating along with a $60 price target.
