After 4 weeks, Brown & Brown, Inc. (BRO) hit new highs again. During this time, the price descended to $55.44 (-6.76% drawdown), the bottom between the former all-time high and the actual one. Brown & Brown, Inc. (BRO) stock inched on Thursday a 1.11% closing at $59.45 and setting the new all-time highs at $59.87.
Brown & Brown stock started an uptrend last February, and grew a gorgeous 39.95%. During this uptrend, the price provided some buy points on the breakouts. Latest low was on September 30, when price bounced at $55.44. Like in all uptrends, price needs to rest and currently price is moving in a range between $59.46 and $55.44
Brown & Brown, Inc. markets and sells insurance products and services in the United States, Bermuda, Canada, Cayman Islands, Ireland, and the United Kingdom. It operates through four segments: Retail, National Programs, Wholesale Brokerage, and Services.. The stock belongs to the Insurance Brokers industry in the Financial sector. The company employs 10,843 people worldwide and has its headquarters in Daytona Beach, United States. Its corporate website is http://www.bbinsurance.com.