A notable insider purchase on February 2, was reported by J. Steven Whisler, Director at Brunswick (NYSE:BC), based on the most recent SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Friday showed that Whisler purchased 940 shares of Brunswick. The total transaction amounted to $75,839.
In the Friday's morning session, Brunswick's shares are currently trading at $84.49, experiencing a down of 0.0%.
Delving into Brunswick's Background
Brunswick is a leading manufacturer in the marine recreation industry. The company has more than 60 brands delivering products across propulsion (outboard, sterndrive, and inboard engines, propulsion-related controls, rigging, and propellers), parts, accessories, and technology, and boats (including well-known brands like Boston Whaler and Sea Ray). It also owns numerous Freedom Boat Club (shared ownership) locations as well as Boateka, which facilitates transactions in the used boat market. Brunswick's focus surrounds building the innovative marine and recreational experiences, technologies, and connections supported by quality and innovation.
Brunswick's Economic Impact: An Analysis
Decline in Revenue: Over the 3 months period, Brunswick faced challenges, resulting in a decline of approximately -6.16% in revenue growth as of 30 September, 2023. This signifies a reduction in the company's top-line earnings. ...