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The Attractiveness of Investing In Boise Cascade Co (BCC) is Growing

Boise Cascade Co’s recent filing unveils that its SVP General Counsel & Corp Sec Twedt Jill unloaded Company’s shares for reported $0.25 million on Sep 06 ’24. In the deal valued at $124.74 per share,2,000 shares were sold. As a result of this transaction, Twedt Jill now holds 35,437 shares worth roughly $4.91 million.

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Then, JILL M TWEDT bought 2,000 shares, generating $249,474 in total proceeds.

Before that, Strom Jeffrey Robert sold 3,000 shares. Boise Cascade Co shares valued at $420,000 were divested by the EVP, BMD at a price of $140.00 per share. As a result of the transaction, Strom Jeffrey Robert now holds 40,353 shares, worth roughly $5.59 million.

Loop Capital initiated its Boise Cascade Co [BCC] rating to a Buy in a research note published on November 01, 2024; the price target was $155. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in mid October from “a Neutral” to “an Underperform”. BofA Securities also remained covering BCC and has increased its forecast on July 10, 2023 with a “Neutral” recommendation from previously “an Underperform” rating. Truist revised its rating on June 28, 2023. It rated BCC as “a Buy” which previously was an “a Hold”.

Price Performance Review of BCC

On Tuesday, Boise Cascade Co [NYSE:BCC] saw its stock jump 3.15% to $138.49. Over the last five days, the stock has gained 5.20%. Boise Cascade Co shares have risen nearly 11.16% since the year began. Nevertheless, the stocks have risen 44.08% over the past one year. While a 52-week high of $148.97 was reached on 04/01/24, a 52-week low of $93.73 was recorded on 07/10/24. SMA at 50 days reached $136.11, while 200 days put it at $134.55.

Levels Of Support And Resistance For BCC Stock

The 24-hour chart illustrates a support level at 129.26, which if violated will result in even more drops to 120.04. On the upside, there is a resistance level at 143.46. A further resistance level may holdings at 148.44. The Relative Strength Index (RSI) on the 14-day chart is 52.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.52, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 35.61%. Stochastics %K at 37.15% indicates the stock is a holding.

How much short interest is there in Boise Cascade Co?

A steep rise in short interest was recorded in Boise Cascade Co stocks on 2024-10-15, dropping by -0.1 million shares to a total of 1.14 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.24 million shares. There was a decline of -9.19%, which implies that there is a negative sentiment for the stock.

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