While this happened, Jefferies initiated its Brookfield Infrastructure Partners L.P [BIP] rating to a Buy in a research note published recently. A number of analysts have revised their coverage, including National Bank Financial’s analysts, who decreased its forecast for the stock in late January from “an Outperform” to “a Sector perform”. National Bank Financial also remained covering BIP and has increased its forecast on October 18, 2023 with a “an Outperform” recommendation from previously “Sector perform” rating. Raymond James revised its rating on September 25, 2023. It rated BIP as “a Strong buy” which previously was an “an Outperform”.
Price Performance Review of BIP
On Monday, Brookfield Infrastructure Partners L.P [NYSE:BIP] saw its stock jump 0.50% to $28.04. Over the last five days, the stock has lost -0.78%. Brookfield Infrastructure Partners L.P shares have fallen nearly -11.80% since the year began. Nevertheless, the stocks have risen 9.70% over the past one year. While a 52-week high of $36.50 was reached on 01/30/25, a 52-week low of $25.45 was recorded on 04/07/25. SMA at 50 days reached $30.10, while 200 days put it at $32.10.
Levels Of Support And Resistance For BIP Stock
The 24-hour chart illustrates a support level at 27.57, which if violated will result in even more drops to 27.09. On the upside, there is a resistance level at 28.31. A further resistance level may holdings at 28.57. The Relative Strength Index (RSI) on the 14-day chart is 44.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.64%. Stochastics %K at 47.38% indicates the stock is a holding.
How much short interest is there in Brookfield Infrastructure Partners L.P?
A steep rise in short interest was recorded in Brookfield Infrastructure Partners L.P stocks on 2025-03-31, growing by 23767.0 shares to a total of 1.18 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 1.16 million shares. There was a rise of 2.01%, which implies that there is a positive sentiment for the stock.
