The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Broadstone Net Lease Inc shares valued at $97,838 were sold by Wiegel Molly on May 14 ’24. At $15.48 per share, Wiegel Molly sold 6,320 shares. The insider’s holdings dropped to 56,680 shares worth approximately $0.96 million following the completion of this transaction.
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Also, NARASIMHAN SHEKAR purchased 5,000 shares, netting a total of over 74,350 in proceeds. Following the buying of shares at $14.87 each, the insider now holds 5,000 shares.
Before that, COKE MICHAEL A had added 10,000 shares to its account. In a trade valued at $146,720, the Director bought Broadstone Net Lease Inc shares for $14.67 each. Upon closing the transaction, the insider’s holdings increased to 10,000 shares, worth approximately $0.59 million.
As published in their initiating research note from UBS on November 14, 2024, Broadstone Net Lease Inc [BNL] has been a Neutral and the price target has been revised to $18. Analysts at Wedbush started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid August. As of June 12, 2024, KeyBanc Capital Markets has initiated its “Sector weight” rating for BNL. Earlier on April 09, 2024, Wolfe Research downgraded its rating. Their new recommendation was “a Peer perform” for BNL stock which previously was a “an Outperform”.
Analyzing BNL Stock Performance
During the last five days, there has been a drop of approximately -1.11%. Over the course of the year, Broadstone Net Lease Inc shares have dropped approximately -1.63%. Shares of the company reached a 52-week high of $19.15 on 09/30/24 and a 52-week low of $14.20 on 04/18/24. A 50-day SMA is recorded $17.67, while a 200-day SMA reached $16.60. Nevertheless, trading volume fell to 1.04 million shares from 1.18 million shares the previous day.
Support And Resistance Levels for Broadstone Net Lease Inc (BNL)
According to the 24-hour chart, there is a support level at 16.79, which, if violated, would cause prices to drop to 16.65. In the upper region, resistance lies at 17.18. The next price resistance is at 17.43. RSI (Relative Strength Index) is 36.58 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.27, which suggests the price will decrease in the coming days. Percent R is at 85.56%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
