Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Brady Corp shares valued at $265,887 were purchased by Nancy L Gioia Trust on Dec 12 ’24. At $75.97 per share, Nancy L Gioia Trust acquired 3,500 shares.
Also, Wilms Brett sold 800 shares, netting a total of over 60,112 in proceeds. Following the sale of shares at $75.14 each, the insider now holds 4,484 shares.
Before that, Wilms Brett had added 800 shares to its account. In a trade valued at $60,112, the Officer bought Brady Corp shares for $75.14 each.
As published in a research note from BofA Securities on January 02, 2024, Brady Corp [BRC] has been rated up from an Underperform to a Buy and the price target has been revised to $65 from $51. Analysts at Wells Fargo downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in mid February. As of June 08, 2021, Wells Fargo has increased its “an Underweight” rating to a “an Overweight” for BRC. Earlier on August 28, 2020, Northcoast upgraded its rating. Their new recommendation was “a Buy” for BRC stock which previously was a “a Neutral”.
Analyzing BRC Stock Performance
During the last five days, there has been a drop of approximately -0.30%. Over the course of the year, Brady Corp shares have dropped approximately -0.30%. Shares of the company reached a 52-week high of $74.68 on 01/02/25 and a 52-week low of $71.76 on 01/08/25. A 50-day SMA is recorded $74.19, while a 200-day SMA reached $69.30. Nevertheless, trading volume fell to 0.25 million shares from 0.2 million shares the previous day.
Support And Resistance Levels for Brady Corp (BRC)
According to the 24-hour chart, there is a support level at 72.32, which, if violated, would cause prices to drop to 71.02. In the upper region, resistance lies at 74.37. The next price resistance is at 75.12. RSI (Relative Strength Index) is 46.89 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.89, which suggests the price will decrease in the coming days. Percent R is at 62.30%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
