Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Barrett Business Services Inc shares valued at $130,220 were sold by Cusick Thomas B. on Dec 03 ’24. At $43.41 per share, Cusick Thomas B. sold 3,000 shares. The insider’s holdings dropped to 27,776 shares worth approximately $1.16 million following the completion of this transaction.
Also, THOMAS B. CUSICK purchased 3,000 shares, netting a total of over 130,220 in proceeds.
Before that, CARLEY THOMAS J had sold 4,584 shares from its account. In a trade valued at $189,061, the Director traded Barrett Business Services Inc shares for $41.24 each. Upon closing the transaction, the insider’s holdings decreased to 4,584 shares, worth approximately $3.84 million.
As published in a research note from Sidoti on June 05, 2024, Barrett Business Services Inc [BBSI] has been rated down from a Buy to a Neutral and the price target has been revised to $140. As of December 11, 2019, Barrington Research has initiated its “an Outperform” rating for BBSI. Earlier on October 09, 2018, Sidoti initiated its rating. Their recommendation was “a Buy” for BBSI stock.
Analyzing BBSI Stock Performance
During the last five days, there has been a drop of approximately -3.60%. Over the course of the year, Barrett Business Services Inc shares have dropped approximately -3.60%. Shares of the company reached a 52-week high of $43.81 on 01/02/25 and a 52-week low of $41.06 on 01/08/25. A 50-day SMA is recorded $41.92, while a 200-day SMA reached $35.85. Nevertheless, trading volume fell to 67676.0 shares from 98400.0 shares the previous day.
Support And Resistance Levels for Barrett Business Services Inc (BBSI)
According to the 24-hour chart, there is a support level at 41.30, which, if violated, would cause prices to drop to 40.73. In the upper region, resistance lies at 42.20. The next price resistance is at 42.53. RSI (Relative Strength Index) is 44.13 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.01, which suggests the price will decrease in the coming days. Percent R is at 74.04%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
