Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Green Brick Partners Inc shares valued at $1,217,535 were purchased by RICHARD S PRESS on Nov 26 ’24. At $73.79 per share, RICHARD S PRESS acquired 16,500 shares.
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Also, Press Richard S sold 3,500 shares, netting a total of over 241,640 in proceeds. Following the sale of shares at $69.04 each, the insider now holds 84,543 shares.
Before that, RICHARD S PRESS had added 3,500 shares to its account. In a trade valued at $241,640, the Board Member bought Green Brick Partners Inc shares for $69.04 each.
As published in a research note from B. Riley Securities on June 26, 2023, Green Brick Partners Inc [GRBK] has been rated down from a Buy to a Neutral and the price target has been revised to $62. Analysts at B. Riley Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early May. As of November 22, 2022, JP Morgan has increased its “an Underweight” rating to a “Neutral” for GRBK. Earlier on August 19, 2022, JMP Securities downgraded its rating. Their new recommendation was “a Mkt perform” for GRBK stock which previously was a “a Mkt outperform”.
Analyzing GRBK Stock Performance
During the last five days, there has been a drop of approximately -12.22%. Over the course of the year, Green Brick Partners Inc shares have jumped approximately 12.90%. Shares of the company reached a 52-week high of $84.66 on 10/16/24 and a 52-week low of $48.38 on 01/17/24. A 50-day SMA is recorded $72.11, while a 200-day SMA reached $65.89. Nevertheless, trading volume fell to 0.57 million shares from 0.24 million shares the previous day.
Support And Resistance Levels for Green Brick Partners Inc (GRBK)
According to the 24-hour chart, there is a support level at 56.93, which, if violated, would cause prices to drop to 55.22. In the upper region, resistance lies at 61.68. The next price resistance is at 64.72. RSI (Relative Strength Index) is 21.93 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.15, which suggests the price will decrease in the coming days. Percent R is at 97.36%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
