Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Brunswick Corp shares valued at $167,420 were sold by Dekker Christopher F on Nov 08 ’24. At $83.71 per share, Dekker Christopher F sold 2,000 shares. The insider’s holdings dropped to 39,697 shares worth approximately $3.2 million following the completion of this transaction.
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Also, Dekker Christopher F purchased 2,000 shares, netting a total of over 167,423 in proceeds.
Before that, FOULKES DAVID M had sold 23,829 shares from its account. In a trade valued at $1,911,562, the Chief Executive Officer traded Brunswick Corp shares for $80.22 each. Upon closing the transaction, the insider’s holdings decreased to 23,829 shares, worth approximately $20.24 million.
As published in a research note from B. Riley Securities on November 26, 2024, Brunswick Corp [BC] has been rated down from a Buy to a Neutral and the price target has been revised to $88 from $95. Analysts at Northcoast upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late July. As of May 22, 2024, The Benchmark Company has initiated its “Buy” rating for BC. Earlier on April 15, 2024, Exane BNP Paribas downgraded its rating. Their new recommendation was “a Neutral” for BC stock which previously was a “an Outperform”.
Analyzing BC Stock Performance
During the last five days, there has been a surge of approximately 2.77%. Over the course of the year, Brunswick Corp shares have dropped approximately -16.67%. Shares of the company reached a 52-week high of $97.03 on 01/02/24 and a 52-week low of $69.05 on 07/05/24. A 50-day SMA is recorded $81.87, while a 200-day SMA reached $81.55. Nevertheless, trading volume fell to 0.37 million shares from 0.66 million shares the previous day.
Support And Resistance Levels for Brunswick Corp (BC)
According to the 24-hour chart, there is a support level at 79.71, which, if violated, would cause prices to drop to 78.79. In the upper region, resistance lies at 82.27. The next price resistance is at 83.91. RSI (Relative Strength Index) is 48.01 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.05, which suggests the price will increase in the coming days. Percent R is at 67.08%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
