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Taking a Closer Look At Berry Global Group Inc (BERY) Following Its Recent Trade

CHWY Stock

Berry Global Group Inc’s filing revealed that its Director Thomas Peter T acquired Company’s shares for reported $59500.0 on May 23 ’24. In the deal valued at $59.50 per share,1,000 shares were bought. As a result of this transaction, Thomas Peter T now holds 4,407 shares worth roughly $0.29 million.

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Then, Miles Mark W sold 84,000 shares, generating $5,038,320 in total proceeds. Upon selling the shares at $59.98, the Chief Financial Officer now owns 118,954 shares.

Before that, Miles Mark W sold 1,118 shares. Berry Global Group Inc shares valued at $67,404 were divested by the Chief Financial Officer at a price of $60.29 per share. As a result of the transaction, Miles Mark W now holds 119,384 shares, worth roughly $7.95 million.

Morgan Stanley initiated its Berry Global Group Inc [BERY] rating to an Equal-weight in a research note published on September 04, 2024; the price target was $76. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who decreased its forecast for the stock in mid April from “an Outperform” to “a Neutral”. Truist also remained covering BERY and has decreased its forecast on March 27, 2024 with a “Hold” recommendation from previously “Buy” rating. RBC Capital Mkts revised its rating on March 15, 2024. It rated BERY as “a Sector perform” which previously was an “an Outperform”.

Price Performance Review of BERY

On Monday, Berry Global Group Inc [NYSE:BERY] saw its stock fall -0.06% to $66.56. Over the last five days, the stock has lost -2.09%. Berry Global Group Inc shares have fallen nearly -1.23% since the year began. Nevertheless, the stocks have risen 15.48% over the past one year. While a 52-week high of $69.93 was reached on 09/27/24, a 52-week low of $53.92 was recorded on 02/07/24. SMA at 50 days reached $66.09, while 200 days put it at $62.27.

Levels Of Support And Resistance For BERY Stock

The 24-hour chart illustrates a support level at 66.12, which if violated will result in even more drops to 65.68. On the upside, there is a resistance level at 66.89. A further resistance level may holdings at 67.23. The Relative Strength Index (RSI) on the 14-day chart is 48.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.23%. Stochastics %K at 22.55% indicates the stock is a holding.

How much short interest is there in Berry Global Group Inc?

A steep rise in short interest was recorded in Berry Global Group Inc stocks on 2024-09-13, growing by 0.44 million shares to a total of 5.15 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 4.71 million shares. There was a rise of 8.51%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on March 01, 2024 when Wolfe Research began covering the stock and recommended ‘”a Peer perform”‘ rating .

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