Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Beacon Roofing Supply Inc shares valued at $286,000 were sold by Taylor Jason L on Nov 18 ’24. At $110.00 per share, Taylor Jason L sold 2,600 shares. The insider’s holdings dropped to 6,531 shares worth approximately $0.66 million following the completion of this transaction.
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Also, JASON TAYLOR purchased 2,600 shares, netting a total of over 256,750 in proceeds.
Before that, CLEMENT MUNROE BEST III had added 7,037 shares to its account. In a trade valued at $725,792, the Officer bought Beacon Roofing Supply Inc shares for $103.14 each.
As published in their initiating research note from The Benchmark Company on April 18, 2024, Beacon Roofing Supply Inc [BECN] has been a Buy and the price target has been revised to $135. Analysts at Robert W. Baird upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in late February. As of January 08, 2024, William Blair has increased its “Mkt perform” rating to a “an Outperform” for BECN. Earlier on December 14, 2023, JP Morgan upgraded its rating. Their new recommendation was “an Overweight” for BECN stock which previously was a “a Neutral”.
Analyzing BECN Stock Performance
During the last five days, there has been a drop of approximately -6.09%. Over the course of the year, Beacon Roofing Supply Inc shares have jumped approximately 16.50%. Shares of the company reached a 52-week high of $116.30 on 11/18/24 and a 52-week low of $77.54 on 08/05/24. A 50-day SMA is recorded $102.33, while a 200-day SMA reached $94.89. Nevertheless, trading volume fell to 0.52 million shares from 0.46 million shares the previous day.
Support And Resistance Levels for Beacon Roofing Supply Inc (BECN)
According to the 24-hour chart, there is a support level at 99.77, which, if violated, would cause prices to drop to 98.17. In the upper region, resistance lies at 103.65. The next price resistance is at 105.93. RSI (Relative Strength Index) is 36.06 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.82, which suggests the price will decrease in the coming days. Percent R is at 93.31%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
