28-Mar-2024
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Brookfield Infrastructure Sets AGM for June 2024
TipRanks (Thu, 28-Mar 9:27 PM ET)
U.S. weekly rail traffic rises 2.1% year-over-year
Seeking Alpha News (Wed, 27-Mar 1:08 PM ET)
Brookfield Infrastructure Corp is an indirect subsidiary of the partnership of the diversified infrastructure owner and operators. Its business is comprised of a U.K. regulated distribution operation, a Brazilian regulated natural gas transmission operation and a global intermodal logistics operation. Geographically, the company generates a majority of its revenue from Brazil and rest from United Kingdom and the United States.
Brookfield Infrastructure trades on the NYSE stock market under the symbol BIPC.
As of March 28, 2024, BIPC stock price climbed to $36.04 with 885,138 million shares trading.
BIPC has a beta of 1.74, meaning it tends to be more sensitive to market movements. BIPC has a correlation of 0.38 to the broad based SPY ETF.
BIPC has a market cap of $4.75 billion. This is considered a Mid Cap stock.
In the last 3 years, BIPC stock traded as high as $69.35 and as low as $25.48.
The top ETF exchange traded funds that BIPC belongs to (by Net Assets): IWM, IWN, VTWO, IWO, VTWV.
BIPC has underperformed the market in the last year with a return of -14.9%, while the SPY ETF gained +33.6%. In the last 3 month period, BIPC fell short of the market, returning +3.1%, while SPY returned +10.1%. However, in the most recent 2 weeks BIPC has outperformed the stock market by returning +5.6%, while SPY returned +1.7%.
BIPC support price is $34.53 and resistance is $35.85 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BIPC stock will trade within this expected range on the day.