Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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 $0.78 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.
As published in a research note from Stifel on February 07, 2025, Beacon Roofing Supply Inc [BECN] has been rated down from a Buy to a Hold and the price target has been revised to $122.55 from $131. As of April 18, 2024, The Benchmark Company has initiated its “Buy” rating for BECN. Earlier on February 29, 2024, Robert W. Baird upgraded its rating. Their new recommendation was “an Outperform” for BECN stock which previously was a “a Neutral”.
Analyzing BECN Stock Performance
During the last five days, there has been a surge of approximately 0.32%. Over the course of the year, Beacon Roofing Supply Inc shares have jumped approximately 17.71%. Shares of the company reached a 52-week high of $121.42 on 02/06/25 and a 52-week low of $99.64 on 01/02/25. A 50-day SMA is recorded $111.20, while a 200-day SMA reached $98.33. Nevertheless, trading volume fell to 0.57 million shares from 0.54 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 118.56, which, if violated, would cause prices to drop to 117.56. In the upper region, resistance lies at 120.13. The next price resistance is at 120.70. RSI (Relative Strength Index) is 63.74 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.14, which suggests the price will decrease in the coming days. Percent R is at 41.86%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
