Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Brixmor Property Group Inc shares valued at $738,500 were sold by SIEGEL STEVEN F on Nov 20 ’24. At $29.54 per share, SIEGEL STEVEN F sold 25,000 shares. The insider’s holdings dropped to 315,004 shares worth approximately $8.74 million following the completion of this transaction.
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Also, Steven Siegel purchased 25,000 shares, netting a total of over 737,500 in proceeds.
Before that, Crosland Sheryl Maxwell had sold 5,000 shares from its account. In a trade valued at $127,250, the Director traded Brixmor Property Group Inc shares for $25.45 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $1.28 million.
As published in a research note from BMO Capital Markets on December 06, 2024, Brixmor Property Group Inc [BRX] has been rated up from a Market perform to an Outperform and the price target has been revised to $33 from $30. Analysts at Mizuho downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late February. As of January 30, 2024, Deutsche Bank has initiated its “Buy” rating for BRX. Earlier on September 05, 2023, Scotiabank upgraded its rating. Their new recommendation was “a Sector outperform” for BRX stock which previously was a “a Sector perform”.
Analyzing BRX Stock Performance
During the last five days, there has been a surge of approximately 0.33%. Over the course of the year, Brixmor Property Group Inc shares have jumped approximately 19.25%. Shares of the company reached a 52-week high of $30.67 on 11/27/24 and a 52-week low of $20.80 on 04/16/24. A 50-day SMA is recorded $28.63, while a 200-day SMA reached $25.25. Nevertheless, trading volume fell to 1.15 million shares from 1.68 million shares the previous day.
Support And Resistance Levels for Brixmor Property Group Inc (BRX)
According to the 24-hour chart, there is a support level at 27.58, which, if violated, would cause prices to drop to 27.41. In the upper region, resistance lies at 27.88. The next price resistance is at 28.01. RSI (Relative Strength Index) is 37.60 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.76, which suggests the price will decrease in the coming days. Percent R is at 75.68%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
