Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Bridger Aerospace Group Holdings Inc shares valued at $69,495 were sold by Muchmore James J on Sep 16 ’24. At $2.58 per share, Muchmore James J sold 26,936 shares. The insider’s holdings dropped to 844,211 shares worth approximately $2.9 million following the completion of this transaction.
Also, Muchmore James J sold 18,902 shares, netting a total of over 51,035 in proceeds. Following the sale of shares at $2.70 each, the insider now holds 820,417 shares.
Before that, Muchmore James J had sold 4,892 shares from its account. In a trade valued at $12,964, the Chief Legal Officer & EVP traded Bridger Aerospace Group Holdings Inc shares for $2.65 each. Upon closing the transaction, the insider’s holdings decreased to 4,892 shares, worth approximately $2.89 million.
As published in their initiating research note from Canaccord Genuity on June 24, 2024, Bridger Aerospace Group Holdings Inc [BAER] has been a Buy and the price target has been revised to $5.50.
Analyzing BAER Stock Performance
During the last five days, there has been a surge of approximately 26.94%. Over the course of the year, Bridger Aerospace Group Holdings Inc shares have jumped approximately 61.50%. Shares of the company reached a 52-week high of $4.43 on 01/10/25 and a 52-week low of $2.00 on 01/03/25. A 50-day SMA is recorded $2.67, while a 200-day SMA reached $3.26. Nevertheless, trading volume fell to 1.54 million shares from 0.63 million shares the previous day.
Support And Resistance Levels for Bridger Aerospace Group Holdings Inc (BAER)
According to the 24-hour chart, there is a support level at 3.01, which, if violated, would cause prices to drop to 2.57. In the upper region, resistance lies at 3.67. The next price resistance is at 3.89. RSI (Relative Strength Index) is 66.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.37, which suggests the price will decrease in the coming days. Percent R is at 40.86%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
