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TD Cowen gives a Buy recommendation for Greenbrier Cos., Inc (GBX)

Greenbrier Cos., Inc’s recent filing unveils that its SVP, COO, The Americas Krueger William J. unloaded Company’s shares for reported $0.14 million on Dec 02 ’24. In the deal valued at $68.56 per share,2,000 shares were sold. As a result of this transaction, Krueger William J. now holds 46,714 shares worth roughly $2.91 million.

Then, Galvan Ricardo sold 4,950 shares, generating $321,750 in total proceeds. Upon selling the shares at $65.00, the SVP, Operations, Maint Svcs. now owns 27,472 shares.

Before that, RICARDO GALVAN bought 4,950 shares. Greenbrier Cos., Inc shares valued at $321,750 were divested by the Officer at a price of $65.00 per share.

TD Cowen reiterated its Greenbrier Cos., Inc [GBX] rating to a Buy in a research note published on April 08, 2024; the price target was $60. A number of analysts have revised their coverage, including Susquehanna’s analysts, who increased its forecast for the stock in mid October from “a Neutral” to “a Positive”. Wells Fargo also remained covering GBX and has decreased its forecast on September 07, 2023 with a “an Equal weight” recommendation from previously “an Overweight” rating. BofA Securities revised its rating on January 17, 2023. It rated GBX as “an Underperform” which previously was an “a Neutral”.

Price Performance Review of GBX

On Friday, Greenbrier Cos., Inc [NYSE:GBX] saw its stock jump 0.34% to $62.35. Over the last five days, the stock has lost -7.75%. Greenbrier Cos., Inc shares have risen nearly 41.13% since the year began. Nevertheless, the stocks have risen 45.95% over the past one year. While a 52-week high of $69.12 was reached on 12/02/24, a 52-week low of $41.40 was recorded on 07/08/24. SMA at 50 days reached $62.65, while 200 days put it at $52.98.

Levels Of Support And Resistance For GBX Stock

The 24-hour chart illustrates a support level at 61.37, which if violated will result in even more drops to 60.39. On the upside, there is a resistance level at 63.14. A further resistance level may holdings at 63.94. The Relative Strength Index (RSI) on the 14-day chart is 36.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.88%. Stochastics %K at 10.45% indicates the stock is a buying.

How much short interest is there in Greenbrier Cos., Inc?

A steep rise in short interest was recorded in Greenbrier Cos., Inc stocks on 2024-11-29, growing by 58607.0 shares to a total of 2.03 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.97 million shares. There was a rise of 2.89%, which implies that there is a positive sentiment for the stock.

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