Brixmor Property Group Inc’s recently made public that its Director Crosland Sheryl Maxwell unloaded Company’s shares for reported $0.13 million on Aug 14 ’24. In the deal valued at $25.45 per share,5,000 shares were sold. As a result of this transaction, Crosland Sheryl Maxwell now holds 46,291 shares worth roughly $-1.26 million.
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Then, Crosland Sheryl Maxwell bought 5,000 shares, generating $126,000 in total proceeds.
Before that, Berman Michael B sold 10,000 shares. Brixmor Property Group Inc shares valued at $251,700 were divested by the Director at a price of $25.17 per share. As a result of the transaction, Berman Michael B now holds 36,068 shares, worth roughly $0.98 million.
Mizuho downgraded its Brixmor Property Group Inc [BRX] rating to a Neutral from a a Buy in a research note published on February 23, 2024; the price target was increased to $24 from $23. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in late January with a ‘”a Buy”‘ rating. Scotiabank also remained covering BRX and has increased its forecast on September 05, 2023 with a “Sector outperform” recommendation from previously “Sector perform” rating. Goldman revised its rating on August 16, 2023. It rated BRX as “a Buy” which previously was an “a Neutral”.
Price Performance Review of BRX
On Monday, Brixmor Property Group Inc [NYSE:BRX] saw its stock jump 0.97% to $27.17. Over the last five days, the stock has lost -0.37%. Brixmor Property Group Inc shares have risen nearly 16.76% since the year began. Nevertheless, the stocks have risen 32.60% over the past one year. While a 52-week high of $28.45 was reached on 09/18/24, a 52-week low of $19.55 was recorded on 04/16/24. SMA at 50 days reached $26.95, while 200 days put it at $23.74.
Levels Of Support And Resistance For BRX Stock
The 24-hour chart illustrates a support level at 26.88, which if violated will result in even more drops to 26.59. On the upside, there is a resistance level at 27.34. A further resistance level may holdings at 27.52. The Relative Strength Index (RSI) on the 14-day chart is 48.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.42%. Stochastics %K at 20.33% indicates the stock is a holding.
How much short interest is there in Brixmor Property Group Inc?
A steep rise in short interest was recorded in Brixmor Property Group Inc stocks on 2024-09-30, dropping by -1.9 million shares to a total of 7.41 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 9.31 million shares. There was a decline of -25.61%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 24, 2023 when Wells Fargo began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $21 price target.
