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Brady Corp (BRC) Becoming More Attractive for Investors

Brady Corp’s filing revealed that its Director Nancy L Gioia Trust acquired Company’s shares for reported $0.27 million on Dec 12 ’24. In the deal valued at $75.97 per share,3,500 shares were bought.

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Then, Wilms Brett sold 800 shares, generating $60,112 in total proceeds. Upon selling the shares at $75.14, the President – EMEA & Australia now owns 4,484 shares.

Before that, Wilms Brett bought 800 shares. Brady Corp shares valued at $60,112 were divested by the Officer at a price of $75.14 per share.

BofA Securities upgraded its Brady Corp [BRC] rating to a Buy from a an Underperform in a research note published on January 02, 2024; the price target was increased to $65 from $51. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in mid February from “an Overweight” to “an Equal weight”. Wells Fargo also remained covering BRC and has increased its forecast on June 08, 2021 with a “an Overweight” recommendation from previously “an Underweight” rating. Northcoast revised its rating on August 28, 2020. It rated BRC as “a Buy” which previously was an “a Neutral”.

Price Performance Review of BRC

On Tuesday, Brady Corp [NYSE:BRC] saw its stock jump 0.72% to $75.37. Over the last five days, the stock has lost -0.74%. Brady Corp shares have risen nearly 28.42% since the year began. Nevertheless, the stocks have risen 26.63% over the past one year. While a 52-week high of $77.68 was reached on 11/11/24, a 52-week low of $56.09 was recorded on 02/26/24. SMA at 50 days reached $74.32, while 200 days put it at $68.59.

Levels Of Support And Resistance For BRC Stock

The 24-hour chart illustrates a support level at 74.31, which if violated will result in even more drops to 73.24. On the upside, there is a resistance level at 76.07. A further resistance level may holdings at 76.76. The Relative Strength Index (RSI) on the 14-day chart is 52.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.05%. Stochastics %K at 37.19% indicates the stock is a holding.

How much short interest is there in Brady Corp?

A steep rise in short interest was recorded in Brady Corp stocks on 2024-10-31, growing by 87634.0 shares to a total of 0.35 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 0.26 million shares. There was a rise of 25.36%, which implies that there is a positive sentiment for the stock.

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