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Keeping an Eye on Barnwell Industries Inc. (BRN) After Insider Trading Activity

In a filing, Barnwell Industries Inc. revealed its President and CEO Hopkins Craig Douglas acquired Company’s shares for reported $12500.0 on Aug 29 ’24. In the deal valued at $2.50 per share,5,000 shares were bought. As a result of this transaction, Hopkins Craig Douglas now holds 75,000 shares worth roughly $0.17 million.

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Then, Hopkins Craig Douglas bought 5,000 shares, generating $11,850 in total proceeds. Upon buying the shares at $2.37, the President and CEO now owns 70,000 shares.

Before that, Horowitz Joshua bought 10,096 shares. Barnwell Industries Inc. shares valued at $23,232 were divested by the Director at a price of $2.30 per share. As a result of the transaction, Horowitz Joshua now holds 270,276 shares, worth roughly $0.61 million.

Price Performance Review of BRN

On Tuesday, Barnwell Industries Inc. [AMEX:BRN] saw its stock fall -0.88% to $2.24. Over the last five days, the stock has gained 1.82%. Barnwell Industries Inc. shares have fallen nearly -7.82% since the year began. Nevertheless, the stocks have fallen -16.42% over the past one year. While a 52-week high of $3.20 was reached on 05/23/24, a 52-week low of $2.06 was recorded on 09/27/24. SMA at 50 days reached $2.29, while 200 days put it at $2.44.

Levels Of Support And Resistance For BRN Stock

The 24-hour chart illustrates a support level at 2.18, which if violated will result in even more drops to 2.13. On the upside, there is a resistance level at 2.33. A further resistance level may holdings at 2.42. The Relative Strength Index (RSI) on the 14-day chart is 48.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.00%. Stochastics %K at 61.11% indicates the stock is a holding.

How much short interest is there in Barnwell Industries Inc.?

A steep rise in short interest was recorded in Barnwell Industries Inc. stocks on 2024-09-13, dropping by 1264.0 shares to a total of 4670.0 shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 5934.0 shares. There was a decline of -27.07%, which implies that there is a negative sentiment for the stock.

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