The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Berry Global Group Inc shares valued at $59,500 were purchased by Thomas Peter T on May 23 ’24. At $59.50 per share, Thomas Peter T acquired 1,000 shares. The insider’s holdings grew to 4,407 shares worth approximately $0.29 million following the completion of this transaction.
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Also, Miles Mark W sold 84,000 shares, netting a total of over 5,038,320 in proceeds. Following the sale of shares at $59.98 each, the insider now holds 118,954 shares.
Before that, Miles Mark W had sold 1,118 shares from its account. In a trade valued at $67,404, the Chief Financial Officer traded Berry Global Group Inc shares for $60.29 each. Upon closing the transaction, the insider’s holdings decreased to 1,118 shares, worth approximately $7.91 million.
As published in their initiating research note from Morgan Stanley on September 04, 2024, Berry Global Group Inc [BERY] has been an Equal-weight and the price target has been revised to $76. Analysts at Robert W. Baird downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in mid April. As of March 27, 2024, Truist has decreased its “Buy” rating to a “Hold” for BERY. Earlier on March 15, 2024, RBC Capital Mkts downgraded its rating. Their new recommendation was “a Sector perform” for BERY stock which previously was a “an Outperform”.
Analyzing BERY Stock Performance
During the last five days, there has been a drop of approximately -4.13%. Over the course of the year, Berry Global Group Inc shares have dropped approximately -1.72%. Shares of the company reached a 52-week high of $69.84 on 09/27/24 and a 52-week low of $54.06 on 02/07/24. A 50-day SMA is recorded $66.00, while a 200-day SMA reached $62.29. Nevertheless, trading volume fell to 0.53 million shares from 0.89 million shares the previous day.
Support And Resistance Levels for Berry Global Group Inc (BERY)
According to the 24-hour chart, there is a support level at 65.58, which, if violated, would cause prices to drop to 64.93. In the upper region, resistance lies at 66.78. The next price resistance is at 67.33. RSI (Relative Strength Index) is 46.10 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.12, which suggests the price will decrease in the coming days. Percent R is at 82.80%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
