In a filing, Beacon Roofing Supply Inc revealed its President, West Division Taylor Jason L unloaded Company’s shares for reported $0.23 million on Oct 07 ’24. In the deal valued at $90.00 per share,2,600 shares were sold. As a result of this transaction, Taylor Jason L now holds 9,131 shares worth roughly $0.87 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, JASON TAYLOR bought 2,600 shares, generating $230,750 in total proceeds.
Before that, Taylor Jason L sold 2,500 shares. Beacon Roofing Supply Inc shares valued at $199,451 were divested by the President, West Division at a price of $79.78 per share. As a result of the transaction, Taylor Jason L now holds 11,731 shares, worth roughly $1.11 million.
The Benchmark Company initiated its Beacon Roofing Supply Inc [BECN] rating to a Buy in a research note published on April 18, 2024; the price target was $135. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who increased its forecast for the stock in late February from “a Neutral” to “an Outperform”. William Blair also remained covering BECN and has increased its forecast on January 08, 2024 with a “an Outperform” recommendation from previously “Mkt perform” rating. JP Morgan revised its rating on December 14, 2023. It rated BECN as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of BECN
On Monday, Beacon Roofing Supply Inc [NASDAQ:BECN] saw its stock jump 1.60% to $94.85. Over the last five days, the stock has gained 0.74%. Beacon Roofing Supply Inc shares have risen nearly 9.00% since the year began. Nevertheless, the stocks have risen 36.04% over the past one year. While a 52-week high of $105.42 was reached on 07/31/24, a 52-week low of $68.50 was recorded on 08/05/24. SMA at 50 days reached $88.40, while 200 days put it at $91.16.
Levels Of Support And Resistance For BECN Stock
The 24-hour chart illustrates a support level at 94.19, which if violated will result in even more drops to 93.52. On the upside, there is a resistance level at 95.58. A further resistance level may holdings at 96.30. The Relative Strength Index (RSI) on the 14-day chart is 59.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 23.43%. Stochastics %K at 67.36% indicates the stock is a holding.
How much short interest is there in Beacon Roofing Supply Inc?
A steep rise in short interest was recorded in Beacon Roofing Supply Inc stocks on 2024-10-15, growing by 0.18 million shares to a total of 1.42 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.24 million shares. There was a rise of 12.39%, which implies that there is a positive sentiment for the stock.
