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  5. BN: Hello Brookfield Corp stock has been drifting lower after making a high of $85, despite strong results. [Brookfield Corporation Class A Limited Voting Shares]

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Q: Hello
Brookfield Corp stock has been drifting lower after making a high of $85, despite strong results. We started a position just before and after results were announced with an average price of $81.50, for a long term hold.

Do you consider $78 to be a decent level to add some shares or wait for a further pull back ? Not sure if following was a reason for the downward pressure, today.

It was reported by a news website EI confidential that Brookfield intends to offer EUR 7 Billion, to buy Spanish Drug maker Grifols with an offer of EUR 10.50, below the price its trading now.

Thank you
Asked by rajeev on November 19, 2024
5i Research Answer:
BN shares are consolidating a bit after their 48% gain this year. With Russia/US/Ukraine tension...
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