The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Beacon Roofing Supply Inc shares valued at $286,000 were sold by Taylor Jason L on Nov 18 ’24. At $110.00 per share, Taylor Jason L sold 2,600 shares. The insider’s holdings dropped to 6,531 shares worth approximately $0.77 million following the completion of this transaction.
Also, JASON TAYLOR purchased 2,600 shares, netting a total of over 256,750 in proceeds.
Before that, CLEMENT MUNROE BEST III had added 7,037 shares to its account. In a trade valued at $725,792, the Officer bought Beacon Roofing Supply Inc shares for $103.14 each.
Analysts at The Benchmark Company started covering the stock with ‘”a Buy”‘ outlook in a report released in mid April. As of February 29, 2024, Robert W. Baird has increased its “Neutral” rating to a “an Outperform” for BECN. Earlier on January 08, 2024, William Blair upgraded its rating. Their new recommendation was “an Outperform” for BECN stock which previously was a “a Mkt perform”.
Analyzing BECN Stock Performance
During the last five days, there has been a surge of approximately 1.60%. Over the course of the year, Beacon Roofing Supply Inc shares have jumped approximately 16.56%. Shares of the company reached a 52-week high of $121.22 on 01/15/25 and a 52-week low of $99.64 on 01/02/25. A 50-day SMA is recorded $108.51, while a 200-day SMA reached $96.65. Nevertheless, trading volume fell to 1.21 million shares from 1.68 million shares the previous day.
Support And Resistance Levels for Beacon Roofing Supply Inc (BECN)
According to the 24-hour chart, there is a support level at 117.88, which, if violated, would cause prices to drop to 117.36. In the upper region, resistance lies at 119.37. The next price resistance is at 120.34. RSI (Relative Strength Index) is 69.57 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.32, which suggests the price will increase in the coming days. Percent R is at 13.43%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
