Belden Inc’s recent filing unveils that its VP and CAO Zink Doug unloaded Company’s shares for reported $0.39 million on Nov 07 ’24. In the deal valued at $128.82 per share,3,000 shares were sold. As a result of this transaction, Zink Doug now holds 6,643 shares worth roughly $0.76 million.
Then, Zink Doug bought 3,000 shares, generating $386,470 in total proceeds.
Before that, Zink Doug sold 1,324 shares. Belden Inc shares valued at $155,554 were divested by the VP and CAO at a price of $117.49 per share. As a result of the transaction, Zink Doug now holds 9,643 shares, worth roughly $1.1 million.
Vertical Research initiated its Belden Inc [BDC] rating to a Buy in a research note published on July 23, 2024; the price target was $110. A number of analysts have revised their coverage, including Fox Advisors’s analysts, who decreased its forecast for the stock in mid October from “an Overweight” to “an Equal weight”. UBS began covering BDC with “Buy” recommendation on September 27, 2023. Goldman revised its rating on September 05, 2023. It rated BDC as “a Buy” which previously was an “a Neutral”.
Price Performance Review of BDC
On Friday, Belden Inc [NYSE:BDC] saw its stock fall -0.76% to $113.74. Over the last five days, the stock has lost -6.00%. Belden Inc shares have risen nearly 47.24% since the year began. Nevertheless, the stocks have risen 50.73% over the past one year. While a 52-week high of $131.82 was reached on 11/06/24, a 52-week low of $71.20 was recorded on 01/17/24. SMA at 50 days reached $120.49, while 200 days put it at $102.23.
Levels Of Support And Resistance For BDC Stock
The 24-hour chart illustrates a support level at 112.75, which if violated will result in even more drops to 111.75. On the upside, there is a resistance level at 115.15. A further resistance level may holdings at 116.56. The Relative Strength Index (RSI) on the 14-day chart is 37.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.53%. Stochastics %K at 10.01% indicates the stock is a buying.
How much short interest is there in Belden Inc?
A steep rise in short interest was recorded in Belden Inc stocks on 2024-11-29, dropping by 88767.0 shares to a total of 0.87 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.96 million shares. There was a decline of -10.19%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on November 22, 2022 when Jefferies began covering the stock and recommended ‘”a Hold”‘ rating along with a $86 price target.
