Berry Global Group Inc’s filing revealed that its Director Bayh Evan unloaded Company’s shares for reported $0.98 million on Oct 15 ’24. In the deal valued at $70.13 per share,14,000 shares were sold. As a result of this transaction, Bayh Evan now holds 30,228 shares worth roughly $2.1 million.
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Then, Bayh Evan bought 14,000 shares, generating $981,792 in total proceeds.
Before that, Thomas Peter T bought 1,000 shares. Berry Global Group Inc shares valued at $59,500 were divested by the Director at a price of $59.50 per share. As a result of the transaction, Thomas Peter T now holds 4,407 shares, worth roughly $0.31 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 -1.32% to $69.37. Over the last five days, the stock has gained 0.12%. Berry Global Group Inc shares have risen nearly 2.94% since the year began. Nevertheless, the stocks have risen 24.12% over the past one year. While a 52-week high of $70.86 was reached on 10/17/24, a 52-week low of $53.92 was recorded on 02/07/24. SMA at 50 days reached $67.04, while 200 days put it at $62.35.
Levels Of Support And Resistance For BERY Stock
The 24-hour chart illustrates a support level at 69.06, which if violated will result in even more drops to 68.76. On the upside, there is a resistance level at 69.94. A further resistance level may holdings at 70.52. The Relative Strength Index (RSI) on the 14-day chart is 58.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.78, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 27.51%. Stochastics %K at 81.69% indicates the stock is a selling.
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 2024-09-30, dropping by -1.08 million shares to a total of 4.19 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 5.27 million shares. There was a decline of -25.91%, which implies that there is a negative 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 .
