Brady Corp’s recently made public that its President & CEO Shaller Russell unloaded Company’s shares for reported $1.59 million on Sep 27 ’24. In the deal valued at $75.30 per share,21,128 shares were sold. As a result of this transaction, Shaller Russell now holds 102,150 shares worth roughly $7.16 million.
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Then, Shaller Russell bought 21,128 shares, generating $1,590,943 in total proceeds.
Before that, DeBruine Thomas F sold 2,851 shares. Brady Corp shares valued at $216,031 were divested by the Chief Operating Officer at a price of $75.77 per share. As a result of the transaction, DeBruine Thomas F now holds 9,727 shares, worth roughly $0.68 million.
BofA Securities upgraded its Brady Corp [BRC] rating to a Buy from a an Underperform in a research note published on January 02, 2024; the price target was increased to $65 from $51. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in mid February from “an Overweight” to “an Equal weight”. Wells Fargo also remained covering BRC and has increased its forecast on June 08, 2021 with a “an Overweight” recommendation from previously “an Underweight” rating. Northcoast revised its rating on August 28, 2020. It rated BRC as “a Buy” which previously was an “a Neutral”.
Price Performance Review of BRC
On Monday, Brady Corp [NYSE:BRC] saw its stock fall -5.48% to $70.14. Over the last five days, the stock has lost -8.68%. Brady Corp shares have risen nearly 19.51% since the year began. Nevertheless, the stocks have risen 31.30% over the past one year. While a 52-week high of $77.68 was reached on 11/11/24, a 52-week low of $52.68 was recorded on 02/26/24. SMA at 50 days reached $74.31, while 200 days put it at $66.74.
Levels Of Support And Resistance For BRC Stock
The 24-hour chart illustrates a support level at 67.02, which if violated will result in even more drops to 63.89. On the upside, there is a resistance level at 72.25. A further resistance level may holdings at 74.35. The Relative Strength Index (RSI) on the 14-day chart is 33.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.94, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.56%. Stochastics %K at 47.76% indicates the stock is a holding.
