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. BRC Inc shares valued at $2,169,998 were purchased by Welling Glenn W. on Sep 13 ’24. At $3.17 per share, Welling Glenn W. acquired 684,542 shares. The insider’s holdings grew to 13,535,560 shares worth approximately $44.26 million following the completion of this transaction.
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Also, Hafer Evan sold 1,000,000 shares, netting a total of over 3,170,000 in proceeds. Following the sale of shares at $3.17 each, the insider now holds 0 shares.
Before that, DAVIN THOMAS E had sold 234,865 shares from its account. In a trade valued at $766,693, the Director traded BRC Inc shares for $3.26 each. Upon closing the transaction, the insider’s holdings decreased to 234,865 shares, worth approximately $0.0.
As published in a research note from Telsey Advisory Group on August 09, 2024, BRC Inc [BRCC] has been retained to an Outperform and the price target has been revised to $6. Analysts at ROTH MKM downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early August. As of May 31, 2023, Needham has initiated its “Hold” rating for BRCC.
Analyzing BRCC Stock Performance
During the last five days, there has been a drop of approximately -3.54%. Over the course of the year, BRC Inc shares have dropped approximately -9.92%. Shares of the company reached a 52-week high of $7.14 on 06/25/24 and a 52-week low of $3.15 on 09/16/24. A 50-day SMA is recorded $4.11, while a 200-day SMA reached $4.58. Nevertheless, trading volume fell to 0.53 million shares from 0.51 million shares the previous day.
Support And Resistance Levels for BRC Inc (BRCC)
According to the 24-hour chart, there is a support level at 3.20, which, if violated, would cause prices to drop to 3.14. In the upper region, resistance lies at 3.33. The next price resistance is at 3.40. RSI (Relative Strength Index) is 36.12 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.12, which suggests the price will decrease in the coming days. Percent R is at 82.73%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
