Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Bellring Brands Inc shares valued at $902,184 were sold by VITALE ROBERT V on May 14 ’24. At $60.15 per share, VITALE ROBERT V sold 15,000 shares. The insider’s holdings dropped to 215,054 shares worth approximately $16.77 million following the completion of this transaction.
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Also, STEIN ELLIOT JR sold 1,000 shares, netting a total of over 57,807 in proceeds. Following the sale of shares at $57.81 each, the insider now holds 24,646 shares.
As published in their initiating research note from Deutsche Bank on May 23, 2024, Bellring Brands Inc [BRBR] has been a Buy and the price target has been revised to $67. Analysts at TD Cowen started covering the stock with ‘”a Buy”‘ outlook in a report released in late April. As of February 01, 2024, Citigroup has initiated its “Buy” rating for BRBR. Earlier on January 03, 2024, Truist downgraded its rating. Their new recommendation was “a Hold” for BRBR stock which previously was a “a Buy”.
Analyzing BRBR Stock Performance
During the last five days, there has been a drop of approximately -0.95%. Over the course of the year, Bellring Brands Inc shares have jumped approximately 40.70%. Shares of the company reached a 52-week high of $79.90 on 11/25/24 and a 52-week low of $48.06 on 08/05/24. A 50-day SMA is recorded $70.13, while a 200-day SMA reached $60.21. Nevertheless, trading volume fell to 0.8 million shares from 1.1 million shares the previous day.
Support And Resistance Levels for Bellring Brands Inc (BRBR)
According to the 24-hour chart, there is a support level at 76.93, which, if violated, would cause prices to drop to 75.86. In the upper region, resistance lies at 78.73. The next price resistance is at 79.46. RSI (Relative Strength Index) is 64.43 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.24, which suggests the price will decrease in the coming days. Percent R is at 47.04%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
