Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. BRC Inc shares valued at $167,840 were purchased by TOWER 5 CAPITAL, LLC on Nov 06 ’24. At $3.25 per share, TOWER 5 CAPITAL, LLC acquired 51,670 shares.
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Also, TOWER 5 CAPITAL, LLC purchased 300,000 shares, netting a total of over 987,000 in proceeds.
Before that, Welling Glenn W. had added 684,542 shares to its account. In a trade valued at $2,169,998, the Director bought BRC Inc shares for $3.17 each. Upon closing the transaction, the insider’s holdings increased to 684,542 shares, worth approximately $38.71 million.
As published in a research note from Telsey Advisory Group on August 09, 2024, BRC Inc [BRCC] has been retained to an Outperform and the price target has been revised to $6. Analysts at ROTH MKM downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early August. As of May 31, 2023, Needham has initiated its “Hold” rating for BRCC.
Analyzing BRCC Stock Performance
During the last five days, there has been a surge of approximately 1.42%. Over the course of the year, BRC Inc shares have dropped approximately -21.21%. Shares of the company reached a 52-week high of $7.14 on 06/25/24 and a 52-week low of $2.78 on 11/14/24. A 50-day SMA is recorded $3.26, while a 200-day SMA reached $4.46. Nevertheless, trading volume fell to 0.72 million shares from 0.8 million shares the previous day.
Support And Resistance Levels for BRC Inc (BRCC)
According to the 24-hour chart, there is a support level at 2.78, which, if violated, would cause prices to drop to 2.69. In the upper region, resistance lies at 2.97. The next price resistance is at 3.07. RSI (Relative Strength Index) is 35.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.10, which suggests the price will decrease in the coming days. Percent R is at 89.19%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
