Belden Inc’s recently made public that its SVP, Legal, GC and Corp. Sec. Anderson Brian Edward unloaded Company’s shares for reported $0.17 million on Aug 20 ’24. In the deal valued at $105.00 per share,1,663 shares were sold. As a result of this transaction, Anderson Brian Edward now holds 31,525 shares worth roughly $3.75 million.
Then, Anderson Brian Edward bought 1,663 shares, generating $174,615 in total proceeds.
Before that, Anderson Brian Edward sold 6,556 shares. Belden Inc shares valued at $658,601 were divested by the SVP, Legal, GC and Corp. Sec. at a price of $100.46 per share. As a result of the transaction, Anderson Brian Edward now holds 32,829 shares, worth roughly $3.91 million.
Vertical Research initiated its Belden Inc [BDC] rating to a Buy in a research note published on July 23, 2024; the price target was $110. A number of analysts have revised their coverage, including Fox Advisors’s analysts, who decreased its forecast for the stock in mid October from “an Overweight” to “an Equal weight”. UBS began covering BDC with “Buy” recommendation on September 27, 2023. Goldman revised its rating on September 05, 2023. It rated BDC as “a Buy” which previously was an “a Neutral”.
Price Performance Review of BDC
On Tuesday, Belden Inc [NYSE:BDC] saw its stock jump 0.40% to $118.97. Over the last five days, the stock has gained 2.10%. Belden Inc shares have risen nearly 54.01% since the year began. Nevertheless, the stocks have risen 68.42% over the past one year. While a 52-week high of $123.03 was reached on 10/15/24, a 52-week low of $60.54 was recorded on 01/17/24. SMA at 50 days reached $111.51, while 200 days put it at $94.62.
Levels Of Support And Resistance For BDC Stock
The 24-hour chart illustrates a support level at 117.50, which if violated will result in even more drops to 116.02. On the upside, there is a resistance level at 120.30. A further resistance level may holdings at 121.63. The Relative Strength Index (RSI) on the 14-day chart is 57.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.74, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.59%. Stochastics %K at 36.17% indicates the stock is a holding.
How much short interest is there in Belden Inc?
A steep rise in short interest was recorded in Belden Inc stocks on 2024-10-15, dropping by 97841.0 shares to a total of 0.9 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.0 million shares. There was a decline of -10.88%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on November 22, 2022 when Jefferies began covering the stock and recommended ‘”a Hold”‘ rating along with a $86 price target.
