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A company insider recently sold 50,000 shares of The Baldwin Insurance Group Inc [BWIN]. Should You Sale?

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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. The Baldwin Insurance Group Inc shares valued at $2,337,000 were sold by Baldwin Lowry on Aug 30 ’24. At $46.74 per share, Baldwin Lowry sold 50,000 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.

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Also, Galbraith Daniel sold 75,000 shares, netting a total of over 3,474,750 in proceeds. Following the sale of shares at $46.33 each, the insider now holds 0 shares.

Before that, Baldwin Lowry had added 50,000 shares to its account. In a trade valued at $2,335,067, the Affiliate bought The Baldwin Insurance Group Inc shares for $46.70 each.

As published in a research note from William Blair on October 17, 2024, The Baldwin Insurance Group Inc [BWIN] has been rated up from a Mkt perform to an Outperform. Analysts at JP Morgan upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in early April. As of December 12, 2023, Raymond James has increased its “an Outperform” rating to a “Strong buy” for BWIN. Earlier on November 08, 2023, Wells Fargo downgraded its rating. Their new recommendation was “an Equal weight” for BWIN stock which previously was a “an Overweight”.

Analyzing BWIN Stock Performance

During the last five days, there has been a surge of approximately 7.24%. Over the course of the year, The Baldwin Insurance Group Inc shares have jumped approximately 103.00%. Shares of the company reached a 52-week high of $55.82 on 10/17/24 and a 52-week low of $21.70 on 02/06/24. A 50-day SMA is recorded $48.89, while a 200-day SMA reached $38.30. Nevertheless, trading volume fell to 0.34 million shares from 0.38 million shares the previous day.

Support And Resistance Levels for The Baldwin Insurance Group Inc (BWIN)

According to the 24-hour chart, there is a support level at 47.70, which, if violated, would cause prices to drop to 46.65. In the upper region, resistance lies at 50.07. The next price resistance is at 51.39. RSI (Relative Strength Index) is 55.10 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.52, which suggests the price will increase in the coming days. Percent R is at 21.38%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

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