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Insider Selling: Araujo Fernando, Berry Corp [BRY] Chief Executive Officer divested 33,950 shares

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Berry Corp shares valued at $211,040 were sold by Araujo Fernando on Aug 23 ’24. At $6.22 per share, Araujo Fernando sold 33,950 shares. The insider’s holdings dropped to 253,045 shares worth approximately $0.99 million following the completion of this transaction.

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Also, FERNANDO G. ARAUJO purchased 33,950 shares, netting a total of over 211,040 in proceeds.

As published in a research note from Piper Sandler on August 14, 2023, Berry Corp [BRY] has been rated down from an Overweight to a Neutral and the price target has been revised to $9. Analysts at Jefferies downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid July. As of October 19, 2022, Jefferies has initiated its “Buy” rating for BRY. Earlier on April 07, 2022, Piper Sandler upgraded its rating. Their new recommendation was “an Overweight” for BRY stock which previously was a “a Neutral”.

Analyzing BRY Stock Performance

During the last five days, there has been a drop of approximately -6.02%. Over the course of the year, Berry Corp shares have dropped approximately -43.02%. Shares of the company reached a 52-week high of $8.88 on 04/29/24 and a 52-week low of $3.72 on 12/20/24. A 50-day SMA is recorded $4.52, while a 200-day SMA reached $6.20. Nevertheless, trading volume fell to 0.68 million shares from 1.15 million shares the previous day.

Support And Resistance Levels for Berry Corp (BRY)

According to the 24-hour chart, there is a support level at 3.79, which, if violated, would cause prices to drop to 3.67. In the upper region, resistance lies at 3.98. The next price resistance is at 4.05. RSI (Relative Strength Index) is 39.88 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.22, which suggests the price will decrease in the coming days. Percent R is at 73.13%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

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