Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Brunswick Corp shares valued at $1,911,562 were sold by FOULKES DAVID M on Oct 31 ’24. At $80.22 per share, FOULKES DAVID M sold 23,829 shares. The insider’s holdings dropped to 251,094 shares worth approximately $21.58 million following the completion of this transaction.
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Also, COOPER NANCY E sold 366 shares, netting a total of over 29,350 in proceeds. Following the sale of shares at $80.19 each, the insider now holds 24,557 shares.
Before that, NANCY E COOPER had added 366 shares to its account. In a trade valued at $29,185, the Director bought Brunswick Corp shares for $79.74 each.
As published in a research note from Northcoast on July 29, 2024, Brunswick Corp [BC] has been rated up from a Neutral to a Buy and the price target has been revised to $100. Analysts at The Benchmark Company started covering the stock with ‘”a Buy”‘ outlook in a report released in late May. As of April 15, 2024, Exane BNP Paribas has decreased its “an Outperform” rating to a “Neutral” for BC. Earlier on February 20, 2024, B. Riley Securities upgraded its rating. Their new recommendation was “a Buy” for BC stock which previously was a “a Neutral”.
Analyzing BC Stock Performance
During the last five days, there has been a surge of approximately 5.33%. Over the course of the year, Brunswick Corp shares have dropped approximately -11.16%. Shares of the company reached a 52-week high of $97.03 on 01/02/24 and a 52-week low of $69.05 on 07/05/24. A 50-day SMA is recorded $80.84, while a 200-day SMA reached $81.76. Nevertheless, trading volume fell to 1.12 million shares from 0.44 million shares the previous day.
Support And Resistance Levels for Brunswick Corp (BC)
According to the 24-hour chart, there is a support level at 83.54, which, if violated, would cause prices to drop to 81.13. In the upper region, resistance lies at 87.53. The next price resistance is at 89.11. RSI (Relative Strength Index) is 61.92 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.48, which suggests the price will increase in the coming days. Percent R is at 7.06%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
