Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Boise Cascade Co shares valued at $1,403,136 were sold by CARLILE THOMAS E on Nov 27 ’24. At $146.30 per share, CARLILE THOMAS E sold 9,591 shares. The insider’s holdings dropped to 27,906 shares worth approximately $4.09 million following the completion of this transaction.
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Also, THOMAS E CARLILE purchased 9,591 shares, netting a total of over 1,403,136 in proceeds.
Before that, Little Troy had sold 1,192 shares from its account. In a trade valued at $168,591, the EVP, Wood Products traded Boise Cascade Co shares for $141.44 each. Upon closing the transaction, the insider’s holdings decreased to 1,192 shares, worth approximately $1.62 million.
As published in their initiating research note from Loop Capital on November 01, 2024, Boise Cascade Co [BCC] has been a Buy and the price target has been revised to $155. Analysts at BofA Securities downgraded the stock from ‘”a Neutral”‘ to ‘”an Underperform”‘ outlook in a report released in mid October. As of July 10, 2023, BofA Securities has increased its “an Underperform” rating to a “Neutral” for BCC. Earlier on June 28, 2023, Truist upgraded its rating. Their new recommendation was “a Buy” for BCC stock which previously was a “a Hold”.
Analyzing BCC Stock Performance
During the last five days, there has been a surge of approximately 6.54%. Over the course of the year, Boise Cascade Co shares have jumped approximately 17.50%. Shares of the company reached a 52-week high of $155.42 on 11/25/24 and a 52-week low of $113.89 on 07/10/24. A 50-day SMA is recorded $140.22, while a 200-day SMA reached $135.06. Nevertheless, trading volume fell to 0.16 million shares from 0.31 million shares the previous day.
Support And Resistance Levels for Boise Cascade Co (BCC)
According to the 24-hour chart, there is a support level at 144.26, which, if violated, would cause prices to drop to 142.11. In the upper region, resistance lies at 149.53. The next price resistance is at 152.65. RSI (Relative Strength Index) is 57.40 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.38, which suggests the price will increase in the coming days. Percent R is at 48.61%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
