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A company insider recently bought 225 shares of Brunswick Corp [BC]. Should You Buy?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Brunswick Corp shares valued at $17,777 were purchased by Fils-Aime Reginald on Dec 05 ’24. At $79.01 per share, Fils-Aime Reginald acquired 225 shares. The insider’s holdings grew to 7,294 shares worth approximately $0.55 million following the completion of this transaction.

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Also, Dekker Christopher F sold 2,000 shares, netting a total of over 167,420 in proceeds. Following the sale of shares at $83.71 each, the insider now holds 39,697 shares.

Before that, Dekker Christopher F had added 2,000 shares to its account. In a trade valued at $167,423, the Officer bought Brunswick Corp shares for $83.71 each.

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 drop of approximately -3.90%. Over the course of the year, Brunswick Corp shares have dropped approximately -21.64%. 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 $81.01, while a 200-day SMA reached $81.14. Nevertheless, trading volume fell to 0.67 million shares from 0.61 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 74.84, which, if violated, would cause prices to drop to 73.86. In the upper region, resistance lies at 77.46. The next price resistance is at 79.10. RSI (Relative Strength Index) is 37.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.88, which suggests the price will decrease in the coming days. Percent R is at 97.53%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

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