Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Belden Inc shares valued at $386,469 were sold by Zink Doug on Nov 07 ’24. At $128.82 per share, Zink Doug sold 3,000 shares. The insider’s holdings dropped to 6,643 shares worth approximately $0.81 million following the completion of this transaction.
Also, Zink Doug purchased 3,000 shares, netting a total of over 386,470 in proceeds.
Before that, Zink Doug had sold 1,324 shares from its account. In a trade valued at $155,554, the VP and CAO traded Belden Inc shares for $117.49 each. Upon closing the transaction, the insider’s holdings decreased to 1,324 shares, worth approximately $1.18 million.
As published in their initiating research note from Vertical Research on July 23, 2024, Belden Inc [BDC] has been a Buy and the price target has been revised to $110. Analysts at Fox Advisors downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in mid October. As of September 27, 2023, UBS has initiated its “Buy” rating for BDC. Earlier on September 05, 2023, Goldman upgraded its rating. Their new recommendation was “a Buy” for BDC stock which previously was a “a Neutral”.
Analyzing BDC Stock Performance
During the last five days, there has been a surge of approximately 2.69%. Over the course of the year, Belden Inc shares have jumped approximately 57.76%. Shares of the company reached a 52-week high of $131.82 on 11/06/24 and a 52-week low of $71.20 on 01/17/24. A 50-day SMA is recorded $118.94, while a 200-day SMA reached $99.37. Nevertheless, trading volume fell to 0.16 million shares from 0.25 million shares the previous day.
Support And Resistance Levels for Belden Inc (BDC)
According to the 24-hour chart, there is a support level at 120.40, which, if violated, would cause prices to drop to 118.93. In the upper region, resistance lies at 124.50. The next price resistance is at 127.13. RSI (Relative Strength Index) is 52.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.63, which suggests the price will increase in the coming days. Percent R is at 56.35%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
