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Broadridge Financial Solutions, Inc [BR] Investment Appeal on the Rise

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In a filing, Broadridge Financial Solutions, Inc revealed its Corporate VP Carey Thomas P unloaded Company’s shares for reported $3.62 million on Dec 03 ’24. In the deal valued at $230.32 per share,15,710 shares were sold. As a result of this transaction, Carey Thomas P now holds 12,146 shares worth roughly $2.79 million.

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Then, THOMAS PATRICK CAREY bought 15,710 shares, generating $3,618,373 in total proceeds.

Before that, LAURA MATLIN bought 6,810 shares. Broadridge Financial Solutions, Inc shares valued at $1,550,326 were divested by the Officer at a price of $227.65 per share.

A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in late November with a ‘”a Neutral”‘ rating. Wolfe Research also remained covering BR and has increased its forecast on October 17, 2023 with a “Peer perform” recommendation from previously “an Underperform” rating. RBC Capital Mkts started covering the stock on April 24, 2023. It rated BR as “an Outperform”.

Price Performance Review of BR

On Tuesday, Broadridge Financial Solutions, Inc [NYSE:BR] saw its stock fall -0.96% to $229.69. Over the last five days, the stock has lost -2.63%. Broadridge Financial Solutions, Inc shares have risen nearly 11.64% since the year began. Nevertheless, the stocks have risen 18.55% over the past one year. While a 52-week high of $237.96 was reached on 12/06/24, a 52-week low of $188.30 was recorded on 05/08/24. SMA at 50 days reached $224.63, while 200 days put it at $209.19.

Levels Of Support And Resistance For BR Stock

The 24-hour chart illustrates a support level at 228.11, which if violated will result in even more drops to 226.54. On the upside, there is a resistance level at 232.42. A further resistance level may holdings at 235.16. The Relative Strength Index (RSI) on the 14-day chart is 48.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.17%. Stochastics %K at 24.79% indicates the stock is a holding.

How much short interest is there in Broadridge Financial Solutions, Inc?

A steep rise in short interest was recorded in Broadridge Financial Solutions, Inc stocks on 2024-11-29, dropping by -0.7 million shares to a total of 0.92 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.62 million shares. There was a decline of -76.78%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on December 14, 2022 when Morgan Stanley began covering the stock and recommended ‘”an Equal-weight”‘ rating along with a $160 price target.

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