Brunswick Corporation (BC) : The short interest in Brunswick Corporation (BC) has increased from 3,802,409 to 4,109,605 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 809,478 shares are traded daily in the stock and only 5 days are left for the shorts to cover. The short open interest is 4.6% of the total shares in the hands of the public. The shorts in the stock have gone up by 307,196 shares, which is an increase of 8.1% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.
Brunswick Corporation (NYSE:BC): The stock opened at $47.16 on Wednesday but the bulls could not build on the opening and the stock topped out at $47.34 for the day. The stock traded down to $46.27 during the day, due to lack of any buying support eventually closed down at $46.50 with a loss of -1.59% for the day. The stock had closed at $47.25 on the previous day. The total traded volume was 830,297 shares.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (SR. VICE PRESIDENT AND CFO) of Brunswick Corp, Metzger William had sold 19,051 shares worth of $943,406 in a transaction dated July 15, 2016. In this transaction, 19,051 shares were sold at $49.52 per share.
Brunswick Corporation (Brunswick) is a designer, manufacturer and marketer of recreation products, including marine engines, boats, fitness and billiards equipment. The Company operates in three segments: Marine Engine, Boat and Fitness. Brunswicks engine-related products include outboard, sterndrive and inboard engines; trolling motors; propellers; engine control systems, and marine parts and accessories. Its boat offerings include fiberglass pleasure boats; luxury yachts, yachts and sport yachts; offshore fishing boats; aluminum fishing boats; pontoon boats; deck boats, and inflatable boats. Its Fitness segment consists of Life Fitness division (Life Fitness), which designs, manufactures and markets a line of cardiovascular fitness equipment, including treadmills, total body cross-trainers, stair climbers and stationary exercise bicycles, and strength-training equipment under the Life Fitness, Cybex and Hammer Strength brands.