Brixmor Property Group Inc’s recently made public that its insider SIEGEL STEVEN F unloaded Company’s shares for reported $0.74 million on Nov 20 ’24. In the deal valued at $29.54 per share,25,000 shares were sold. As a result of this transaction, SIEGEL STEVEN F now holds 315,004 shares worth roughly $9.46 million.
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Then, Steven Siegel bought 25,000 shares, generating $737,500 in total proceeds.
Before that, Crosland Sheryl Maxwell sold 5,000 shares. Brixmor Property Group Inc shares valued at $127,250 were divested by the Director at a price of $25.45 per share. As a result of the transaction, Crosland Sheryl Maxwell now holds 46,291 shares, worth roughly $1.39 million.
Mizuho downgraded its Brixmor Property Group Inc [BRX] rating to a Neutral from a a Buy in a research note published on February 23, 2024; the price target was increased to $24 from $23. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in late January with a ‘”a Buy”‘ rating. Scotiabank also remained covering BRX and has increased its forecast on September 05, 2023 with a “Sector outperform” recommendation from previously “Sector perform” rating. Goldman revised its rating on August 16, 2023. It rated BRX as “a Buy” which previously was an “a Neutral”.
Price Performance Review of BRX
On Monday, Brixmor Property Group Inc [NYSE:BRX] saw its stock jump 0.64% to $30.02. Over the last five days, the stock has gained 2.63%. Brixmor Property Group Inc shares have risen nearly 29.01% since the year began. Nevertheless, the stocks have risen 40.41% over the past one year. While a 52-week high of $29.99 was reached on 11/25/24, a 52-week low of $20.80 was recorded on 04/16/24. SMA at 50 days reached $28.05, while 200 days put it at $24.60.
Levels Of Support And Resistance For BRX Stock
The 24-hour chart illustrates a support level at 29.84, which if violated will result in even more drops to 29.66. On the upside, there is a resistance level at 30.18. A further resistance level may holdings at 30.35. The Relative Strength Index (RSI) on the 14-day chart is 73.49, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.74, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 6.50%. Stochastics %K at 94.56% indicates the stock is a selling.
How much short interest is there in Brixmor Property Group Inc?
A steep rise in short interest was recorded in Brixmor Property Group Inc stocks on 2024-10-31, growing by 1.95 million shares to a total of 9.36 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 7.41 million shares. There was a rise of 20.81%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on May 24, 2023 when Wells Fargo began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $21 price target.
