Brookfield Corporation (NYSE:BN) shares traded 1.03% higher at $46.32 on Wall Street last session.
BN stock price is now 6.78% away from the 50-day moving average and 17.47% away from the 200-day moving average. The market capitalization of the company currently stands at $76.11B.
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, while ‘Credit Suisse’ rates the stock as ‘Outperform’
In other news, OCM Growth Holdings LLC, Director sold 400,000 shares of the company’s stock on Jun 10 ’24. The stock was sold for $4,760,000 at an average price of $11.90. Upon completion of the transaction, the Director now directly owns 10,779,668 shares in the company, valued at $499.31 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 14 ’24, Director OCM Growth Holdings LLC sold 4,312,500 shares of the business’s stock. A total of $49,593,750 was realized by selling the stock at an average price of $11.50. This leaves the insider owning 11,179,668 shares of the company worth $517.84 million. A total of 13.63% of the company’s stock is owned by insiders.
During the past 12 months, Brookfield Corporation has had a low of $28.84 and a high of $47.57. The fifty day moving average price for BN is $43.4266 and a two-hundred day moving average price translates $39.5093 for the stock.
The latest earnings results from Brookfield Corporation (NYSE: BN) was released for 2024-03-31. The net profit margin was 0.93% and return on equity was 2.51% for BN. The company reported revenue of $22.91 billion for the quarter, compared to $23.3 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.67 percent.