The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Broadridge Financial Solutions, Inc shares valued at $1,550,326 were purchased by LAURA MATLIN on Nov 12 ’24. At $227.65 per share, LAURA MATLIN acquired 6,810 shares.
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Also, Matlin Laura sold 6,810 shares, netting a total of over 1,550,326 in proceeds. Following the sale of shares at $227.65 each, the insider now holds 7,116 shares.
Before that, Markus Maura A. had sold 3,880 shares from its account. In a trade valued at $880,836, the Director traded Broadridge Financial Solutions, Inc shares for $227.02 each. Upon closing the transaction, the insider’s holdings decreased to 3,880 shares, worth approximately $6.32 million.
As published in their initiating research note from UBS on November 21, 2024, Broadridge Financial Solutions, Inc [BR] has been a Neutral and the price target has been revised to $250. Analysts at Wolfe Research upgraded the stock from ‘”an Underperform”‘ to ‘”a Peer perform”‘ outlook in a report released in mid October. As of April 24, 2023, RBC Capital Mkts has initiated its “an Outperform” rating for BR. Earlier on December 14, 2022, Morgan Stanley initiated its rating. Their recommendation was “an Equal-weight” for BR stock.
Analyzing BR Stock Performance
During the last five days, there has been a drop of approximately -0.04%. Over the course of the year, Broadridge Financial Solutions, Inc shares have jumped approximately 10.56%. Shares of the company reached a 52-week high of $230.00 on 11/13/24 and a 52-week low of $188.30 on 05/08/24. A 50-day SMA is recorded $217.11, while a 200-day SMA reached $206.25. Nevertheless, trading volume fell to 0.97 million shares from 0.46 million shares the previous day.
Support And Resistance Levels for Broadridge Financial Solutions, Inc (BR)
According to the 24-hour chart, there is a support level at 225.39, which, if violated, would cause prices to drop to 223.31. In the upper region, resistance lies at 229.12. The next price resistance is at 230.77. RSI (Relative Strength Index) is 65.18 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.90, which suggests the price will increase in the coming days. Percent R is at 11.60%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
