In a filing, Beacon Roofing Supply Inc revealed its President, West Division Taylor Jason L unloaded Company’s shares for reported $0.29 million on Nov 18 ’24. In the deal valued at $110.00 per share,2,600 shares were sold. As a result of this transaction, Taylor Jason L now holds 6,531 shares worth roughly $0.66 million.
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Then, JASON TAYLOR bought 2,600 shares, generating $256,750 in total proceeds.
Before that, CLEMENT MUNROE BEST III bought 7,037 shares. Beacon Roofing Supply Inc shares valued at $725,792 were divested by the Officer at a price of $103.14 per share.
The Benchmark Company initiated its Beacon Roofing Supply Inc [BECN] rating to a Buy in a research note published on April 18, 2024; the price target was $135. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who increased its forecast for the stock in late February from “a Neutral” to “an Outperform”. William Blair also remained covering BECN and has increased its forecast on January 08, 2024 with a “an Outperform” recommendation from previously “Mkt perform” rating. JP Morgan revised its rating on December 14, 2023. It rated BECN as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of BECN
On Monday, Beacon Roofing Supply Inc [NASDAQ:BECN] saw its stock fall -0.24% to $101.32. Over the last five days, the stock has lost -3.78%. Beacon Roofing Supply Inc shares have risen nearly 16.43% since the year began. Nevertheless, the stocks have risen 15.99% over the past one year. While a 52-week high of $116.30 was reached on 11/18/24, a 52-week low of $77.54 was recorded on 08/05/24. SMA at 50 days reached $102.73, while 200 days put it at $95.04.
Levels Of Support And Resistance For BECN Stock
The 24-hour chart illustrates a support level at 100.68, which if violated will result in even more drops to 100.05. On the upside, there is a resistance level at 102.07. A further resistance level may holdings at 102.83. The Relative Strength Index (RSI) on the 14-day chart is 36.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.72%. Stochastics %K at 8.31% indicates the stock is a buying.
How much short interest is there in Beacon Roofing Supply Inc?
A steep rise in short interest was recorded in Beacon Roofing Supply Inc stocks on 2024-11-29, dropping by -0.28 million shares to a total of 1.39 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.67 million shares. There was a decline of -20.15%, which implies that there is a negative sentiment for the stock.
