Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Brinker International, Inc shares valued at $840,253 were sold by Comings Douglas N. on Nov 04 ’24. At $107.96 per share, Comings Douglas N. sold 7,783 shares. The insider’s holdings dropped to 41,826 shares worth approximately $4.63 million following the completion of this transaction.
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Also, Comings Douglas N. purchased 7,783 shares, netting a total of over 840,253 in proceeds.
Before that, Ware Michaela M had sold 3,753 shares from its account. In a trade valued at $386,634, the EVP, Chief Financial Officer traded Brinker International, Inc shares for $103.02 each. Upon closing the transaction, the insider’s holdings decreased to 3,753 shares, worth approximately $2.55 million.
As published in a research note from JP Morgan on October 31, 2024, Brinker International, Inc [EAT] has been rated down from an Overweight to a Neutral and the price target has been revised to $100 from $67. Analysts at BMO Capital Markets downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in late October. As of October 17, 2024, Raymond James has decreased its “an Outperform” rating to a “Mkt perform” for EAT. Earlier on October 10, 2024, BofA Securities upgraded its rating. Their new recommendation was “a Neutral” for EAT stock which previously was a “an Underperform”.
Analyzing EAT Stock Performance
During the last five days, there has been a surge of approximately 7.78%. Over the course of the year, Brinker International, Inc shares have jumped approximately 156.37%. Shares of the company reached a 52-week high of $119.42 on 11/06/24 and a 52-week low of $37.25 on 01/16/24. A 50-day SMA is recorded $84.42, while a 200-day SMA reached $64.15. Nevertheless, trading volume fell to 1.43 million shares from 2.18 million shares the previous day.
Support And Resistance Levels for Brinker International, Inc (EAT)
According to the 24-hour chart, there is a support level at 108.70, which, if violated, would cause prices to drop to 106.70. In the upper region, resistance lies at 114.62. The next price resistance is at 118.53. RSI (Relative Strength Index) is 73.12 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 10.65, which suggests the price will increase in the coming days. Percent R is at 31.46%, indicating low price movement. Stochastics %K at selling indicates that the stock is to be held.
