Following The Money: Institution’s Growing Stake In Brookfield Corporation (NYSE: BN)

Brookfield Corporation (BN) concluded trading on Wednesday at a closing price of $48.09, with 7.03 million shares of worth about $337.84 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 14.26% during that period and on September 11, 2024 the price saw a gain of about 1.80%. Currently the company’s common shares owned by public are about 1.52B shares, out of which, 1.22B shares are available for trading.

Stock saw a price change of 1.24% in past 5 days and over the past one month there was a price change of 8.90%. Year-to-date (YTD), BN shares are showing a performance of 19.87% which increased to 37.99% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $28.84 but also hit the highest price of $50.46 during that period. The average intraday trading volume for Brookfield Corporation shares is 3.60 million. The stock is currently trading 0.86% above its 20-day simple moving average (SMA20), while that difference is up 4.06% for SMA50 and it goes to 14.76% higher than SMA200.

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Brookfield Corporation (NYSE: BN) currently have 1.52B outstanding shares and institutions hold larger chunk of about 64.48% of that.

The stock has a current market capitalization of $72.51B and its 3Y-monthly beta is at 1.54. PE ratio of stock for trailing 12 months is 83.46, while it has posted earnings per share of $0.58 in the same period. It has a debt-to-equity ratio of 5.46. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BN, volatility over the week remained 3.10% while standing at 2.33% over the month.

Stock’s fiscal year EPS is expected to rise by 19.71% while it is estimated to increase by 9.89% in next year.

On March 20, 2023, Credit Suisse Upgrade their recommendations, while on February 06, 2023, Credit Suisse Downgrade their ratings for the stock with a price target of $41.

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