Beacon Roofing Supply Inc’s filing revealed that its President, West Division Taylor Jason L unloaded Company’s shares for reported $0.29 million on Nov 18 ’24. In the deal valued at $110.00 per share,2,600 shares were sold. As a result of this transaction, Taylor Jason L now holds 6,531 shares worth roughly $0.77 million.
Then, JASON TAYLOR bought 2,600 shares, generating $256,750 in total proceeds.
Before that, CLEMENT MUNROE BEST III bought 7,037 shares. Beacon Roofing Supply Inc shares valued at $725,792 were divested by the Officer at a price of $103.14 per share.
A number of analysts have revised their coverage, including The Benchmark Company’s analysts, who began to cover the stock in mid April with a ‘”a Buy”‘ rating. Robert W. Baird also remained covering BECN and has increased its forecast on February 29, 2024 with a “an Outperform” recommendation from previously “Neutral” rating. William Blair revised its rating on January 08, 2024. It rated BECN as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of BECN
On Monday, Beacon Roofing Supply Inc [NASDAQ:BECN] saw its stock fall -0.71% to $117.50. Over the last five days, the stock has lost -1.71%. Beacon Roofing Supply Inc shares have risen nearly 15.67% since the year began. Nevertheless, the stocks have risen 41.75% over the past one year. While a 52-week high of $121.22 was reached on 01/15/25, a 52-week low of $77.54 was recorded on 01/02/25. SMA at 50 days reached $109.45, while 200 days put it at $96.98.
Levels Of Support And Resistance For BECN Stock
The 24-hour chart illustrates a support level at 116.71, which if violated will result in even more drops to 115.91. On the upside, there is a resistance level at 118.59. A further resistance level may holdings at 119.67. The Relative Strength Index (RSI) on the 14-day chart is 64.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.45, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 25.89%. Stochastics %K at 83.34% indicates the stock is a selling.
How much short interest is there in Beacon Roofing Supply Inc?
A steep rise in short interest was recorded in Beacon Roofing Supply Inc stocks on 2025-01-15, growing by 0.53 million shares to a total of 1.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 1.13 million shares. There was a rise of 32.0%, which implies that there is a positive sentiment for the stock.
