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Taking a look at what insiders are doing to gauge the Brunswick Corp. (BC)’s direction

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Brunswick Corp. shares valued at $1,207,872 were purchased by Dibkey Brett A on Aug 21 ’24. At $72.00 per share, Dibkey Brett A acquired 16,776 shares.

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Also, NANCY E COOPER purchased 358 shares, netting a total of over 29,159 in proceeds.

Before that, COOPER NANCY E had sold 358 shares from its account. In a trade valued at $29,120, the Director traded Brunswick Corp. shares for $81.34 each. Upon closing the transaction, the insider’s holdings decreased to 358 shares, worth approximately $1.96 million.

As published in a research note from Northcoast on July 29, 2024, Brunswick Corp. [BC] has been rated up from a Neutral to a Buy and the price target has been revised to $100. Analysts at The Benchmark Company started covering the stock with ‘”a Buy”‘ outlook in a report released in late May. As of April 15, 2024, Exane BNP Paribas has decreased its “an Outperform” rating to a “Neutral” for BC. Earlier on February 20, 2024, B. Riley Securities upgraded its rating. Their new recommendation was “a Buy” for BC stock which previously was a “a Neutral”.

Analyzing BC Stock Performance

During the last five days, there has been a drop of approximately -1.06%. Over the course of the year, Brunswick Corp. shares have dropped approximately -15.17%. Shares of the company reached a 52-week high of $97.03 on 01/02/24 and a 52-week low of $69.05 on 07/05/24. A 50-day SMA is recorded $78.86, while a 200-day SMA reached $82.95. Nevertheless, trading volume fell to 0.52 million shares from 0.42 million shares the previous day.

Support And Resistance Levels for Brunswick Corp. (BC)

According to the 24-hour chart, there is a support level at 80.90, which, if violated, would cause prices to drop to 79.74. In the upper region, resistance lies at 82.66. The next price resistance is at 83.26. RSI (Relative Strength Index) is 54.42 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.40, which suggests the price will decrease in the coming days. Percent R is at 53.97%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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