In a filing, BRC Inc revealed its Director TOWER 5 CAPITAL, LLC acquired Company’s shares for reported $0.17 million on Nov 06 ’24. In the deal valued at $3.25 per share,51,670 shares were bought.
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Then, TOWER 5 CAPITAL, LLC bought 300,000 shares, generating $987,000 in total proceeds.
Before that, Welling Glenn W. bought 684,542 shares. BRC Inc shares valued at $2,169,998 were divested by the Director at a price of $3.17 per share. As a result of the transaction, Welling Glenn W. now holds 13,535,560 shares, worth roughly $40.47 million.
Telsey Advisory Group reiterated its BRC Inc [BRCC] rating to an Outperform in a research note published on August 09, 2024; the price target was $6. A number of analysts have revised their coverage, including ROTH MKM’s analysts, who decreased its forecast for the stock in early August from “a Buy” to “a Neutral”. Needham began covering BRCC with “Hold” recommendation on May 31, 2023.
Price Performance Review of BRCC
On Monday, BRC Inc [NYSE:BRCC] saw its stock fall -3.86% to $2.99. Over the last five days, the stock has lost -6.56%. BRC Inc shares have fallen nearly -17.63% since the year began. Nevertheless, the stocks have fallen -28.30% over the past one year. While a 52-week high of $7.14 was reached on 06/25/24, a 52-week low of $2.78 was recorded on 11/14/24. SMA at 50 days reached $3.17, while 200 days put it at $4.41.
Levels Of Support And Resistance For BRCC Stock
The 24-hour chart illustrates a support level at 2.91, which if violated will result in even more drops to 2.84. On the upside, there is a resistance level at 3.10. A further resistance level may holdings at 3.21. The Relative Strength Index (RSI) on the 14-day chart is 44.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.82%. Stochastics %K at 48.80% indicates the stock is a holding.
How much short interest is there in BRC Inc?
A steep rise in short interest was recorded in BRC Inc stocks on 2024-11-15, growing by 0.15 million shares to a total of 9.18 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 9.03 million shares. There was a rise of 1.62%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on May 26, 2022 when Tigress Financial began covering the stock and recommended ‘”a Buy”‘ rating along with a $17 price target.
