Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Beacon Roofing Supply Inc shares valued at $286,000 were sold by Taylor Jason L on Nov 18 ’24. At $110.00 per share, Taylor Jason L sold 2,600 shares. The insider’s holdings dropped to 6,531 shares worth approximately $0.74 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, JASON TAYLOR purchased 2,600 shares, netting a total of over 256,750 in proceeds.
Before that, CLEMENT MUNROE BEST III had added 7,037 shares to its account. In a trade valued at $725,792, the Officer bought Beacon Roofing Supply Inc shares for $103.14 each.
As published in their initiating research note from The Benchmark Company on April 18, 2024, Beacon Roofing Supply Inc [BECN] has been a Buy and the price target has been revised to $135. Analysts at Robert W. Baird upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in late February. As of January 08, 2024, William Blair has increased its “Mkt perform” rating to a “an Outperform” for BECN. Earlier on December 14, 2023, JP Morgan upgraded its rating. Their new recommendation was “an Overweight” for BECN stock which previously was a “a Neutral”.
Analyzing BECN Stock Performance
During the last five days, there has been a surge of approximately 3.53%. Over the course of the year, Beacon Roofing Supply Inc shares have jumped approximately 29.61%. Shares of the company reached a 52-week high of $116.30 on 11/18/24 and a 52-week low of $77.54 on 08/05/24. A 50-day SMA is recorded $96.08, while a 200-day SMA reached $93.20. Nevertheless, trading volume fell to 0.38 million shares from 0.88 million shares the previous day.
Support And Resistance Levels for Beacon Roofing Supply Inc (BECN)
According to the 24-hour chart, there is a support level at 111.88, which, if violated, would cause prices to drop to 110.96. In the upper region, resistance lies at 113.79. The next price resistance is at 114.78. RSI (Relative Strength Index) is 70.36 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.82, which suggests the price will increase in the coming days. Percent R is at 19.67%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
