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. Barnes Group Inc shares valued at $273,564 were sold by EDWARDS DAWN N on Nov 01 ’24. At $46.76 per share, EDWARDS DAWN N sold 5,851 shares. The insider’s holdings dropped to 87,213 shares worth approximately $4.11 million following the completion of this transaction.
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Also, EDWARDS DAWN N purchased 5,851 shares, netting a total of over 273,564 in proceeds.
Before that, ACKER MARIAN had added 2,900 shares to its account. In a trade valued at $135,430, the Officer bought Barnes Group Inc shares for $46.70 each.
As published in a research note from DA Davidson on April 18, 2024, Barnes Group Inc [B] has been rated up from a Neutral to a Buy and the price target has been revised to $45 from $35. Analysts at Wolfe Research started covering the stock with ‘”a Peer perform”‘ outlook in a report released in mid October. As of April 11, 2022, Alembic Global Advisors has decreased its “an Overweight” rating to a “Neutral” for B. Earlier on June 10, 2020, Alembic Global Advisors upgraded its rating. Their new recommendation was “an Overweight” for B stock which previously was a “a Neutral”.
Analyzing B Stock Performance
During the last five days, there has been a surge of approximately 0.15%. Over the course of the year, Barnes Group Inc shares have jumped approximately 44.38%. Shares of the company reached a 52-week high of $47.40 on 11/06/24 and a 52-week low of $29.67 on 01/05/24. A 50-day SMA is recorded $46.79, while a 200-day SMA reached $40.62. Nevertheless, trading volume fell to 1.2 million shares from 1.33 million shares the previous day.
Support And Resistance Levels for Barnes Group Inc (B)
According to the 24-hour chart, there is a support level at 47.08, which, if violated, would cause prices to drop to 47.05. In the upper region, resistance lies at 47.16. The next price resistance is at 47.20. RSI (Relative Strength Index) is 68.94 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.11, which suggests the price will decrease in the coming days. Percent R is at 23.08%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
