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. Brixmor Property Group Inc shares valued at $737,500 were purchased by Steven Siegel on Nov 20 ’24. At $29.50 per share, Steven Siegel acquired 25,000 shares.
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Also, Crosland Sheryl Maxwell sold 5,000 shares, netting a total of over 127,250 in proceeds. Following the sale of shares at $25.45 each, the insider now holds 46,291 shares.
Before that, Crosland Sheryl Maxwell had added 5,000 shares to its account. In a trade valued at $126,000, the Director bought Brixmor Property Group Inc shares for $25.20 each.
As published in a research note from Mizuho on February 23, 2024, Brixmor Property Group Inc [BRX] has been rated down from a Buy to a Neutral and the price target has been revised to $24 from $23. Analysts at Deutsche Bank started covering the stock with ‘”a Buy”‘ outlook in a report released in late January. As of September 05, 2023, Scotiabank has increased its “Sector perform” rating to a “Sector outperform” for BRX. Earlier on August 16, 2023, Goldman upgraded its rating. Their new recommendation was “a Buy” for BRX stock which previously was a “a Neutral”.
Analyzing BRX Stock Performance
During the last five days, there has been a surge of approximately 3.66%. Over the course of the year, Brixmor Property Group Inc shares have jumped approximately 27.76%. Shares of the company reached a 52-week high of $29.80 on 11/21/24 and a 52-week low of $20.80 on 04/16/24. A 50-day SMA is recorded $27.97, while a 200-day SMA reached $24.53. Nevertheless, trading volume fell to 1.45 million shares from 1.55 million shares the previous day.
Support And Resistance Levels for Brixmor Property Group Inc (BRX)
According to the 24-hour chart, there is a support level at 29.60, which, if violated, would cause prices to drop to 29.46. In the upper region, resistance lies at 29.83. The next price resistance is at 29.93. RSI (Relative Strength Index) is 70.82 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.82, which suggests the price will decrease in the coming days. Percent R is at 2.76%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
