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JP Morgan gives an Overweight recommendation for Berry Global Group Inc (BERY)

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Berry Global Group Inc’s recently made public that its Director RICKERTSEN CARL J acquired Company’s shares for reported $0.43 million on Nov 20 ’24. In the deal valued at $68.05 per share,6,246 shares were bought.

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Then, Bayh Evan sold 14,000 shares, generating $981,820 in total proceeds. Upon selling the shares at $70.13, the Director now owns 30,228 shares.

Before that, Bayh Evan bought 14,000 shares. Berry Global Group Inc shares valued at $981,792 were divested by the Director at a price of $70.13 per share.

UBS also remained covering BERY and has decreased its forecast on November 22, 2024 with a “Neutral” recommendation from previously “Buy” rating. Morgan Stanley started covering the stock on September 04, 2024. It rated BERY as “an Equal-weight”.

Price Performance Review of BERY

On Monday, Berry Global Group Inc [NYSE:BERY] saw its stock fall -0.22% to $71.55. Over the last five days, the stock has gained 6.71%. Berry Global Group Inc shares have risen nearly 15.65% since the year began. Nevertheless, the stocks have risen 20.57% over the past one year. While a 52-week high of $72.50 was reached on 11/25/24, a 52-week low of $49.63 was recorded on 02/07/24. SMA at 50 days reached $68.30, while 200 days put it at $62.78.

Levels Of Support And Resistance For BERY Stock

The 24-hour chart illustrates a support level at 70.84, which if violated will result in even more drops to 70.12. On the upside, there is a resistance level at 72.79. A further resistance level may holdings at 74.02. The Relative Strength Index (RSI) on the 14-day chart is 73.56, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.23, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 22.86%. Stochastics %K at 82.36% indicates the stock is a selling.

How much short interest is there in Berry Global Group Inc?

A steep rise in short interest was recorded in Berry Global Group Inc stocks on 2024-10-31, growing by 0.17 million shares to a total of 4.35 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 4.19 million shares. There was a rise of 3.84%, which implies that there is a positive sentiment for the stock.

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