Brookdale Senior Living Inc. [BKD] Director makes an insider purchase of 50,000 shares worth 0.15 million.


Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Brookdale Senior Living Inc. shares valued at $154,415 were purchased by BUMSTEAD FRANK M on Nov 17. At $3.09 per share, BUMSTEAD FRANK M acquired 50,000 shares. The insider’s holdings grew to 401,291 shares worth approximately $1.28 million following the completion of this transaction.

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As published in a research note from Stifel on January 17, 2023, Brookdale Senior Living Inc. [BKD] has been rated down from a Buy to a Hold and the price target has been revised to $4 from $5. This represents a 20.0% premium over Wednesday’s closing price. As of June 11, 2021, Barclays has increased its “an Equal weight” rating to a “an Overweight” for BKD. Earlier on December 02, 2020, Jefferies downgraded its rating. Their new recommendation was “a Hold” for BKD stock which previously was a “a Buy”.

Analyzing BKD Stock Performance

On Wednesday, Brookdale Senior Living Inc. [NYSE: BKD] plunged -0.93% to $3.20. The stock’s lowest price that day was $3.11, but it reached a high of $3.23 in the same session. During the last five days, there has been a drop of approximately -4.19%. Over the course of the year, Brookdale Senior Living Inc. shares have jumped approximately 17.22%. Shares of the company reached a 52-week high of $3.59 on 02/22/23 and a 52-week low of $2.37 on 01/20/23. A 50-day SMA is recorded $2.85, while a 200-day SMA reached $4.13. Nevertheless, trading volume fell to 1.93 million shares from 1.27 million shares the previous day.

Support And Resistance Levels for Brookdale Senior Living Inc. (BKD)

According to the 24-hour chart, there is a support level at 3.13, which, if violated, would cause prices to drop to 3.06. In the upper region, resistance lies at 3.25. The next price resistance is at 3.30. RSI (Relative Strength Index) is 59.18 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.18, which suggests the price will decrease in the coming days. Percent R is at 36.79%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Brookdale Senior Living Inc. subject to short interest?

Stocks of Brookdale Senior Living Inc. saw a sharp rise in short interest on Jan 30, 2023 jumping by 0.67 million shares to 17.96 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2022 was 17.29 million shares. A jump of 3.73% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 7.03 of the overall float, the days-to-cover ratio (short ratio) jumped to 7.03.

Which companies own the most shares of Brookdale Senior Living Inc. (BKD)?

According to Camber Capital Management LP filings, the company currently owns 18,000,000 shares, which is about 9.64% of the total BKD shares outstanding. The investor’s shares have appreciated by 2,000,000 from its previous 13-F filing of 16000000.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $50,060,019. Glenview Capital Management LLC acquire a 40.63% interest valued at $39.87 million while Deerfield Management Co. LP purchased a 3,987,090 stake. A total of 36,333 shares of Brookdale Senior Living Inc. were bought by BlackRock Fund Advisors during the quarter, and 10,654,203 by Flat Footed LLC. In its current portfolio, Dimensional Fund Advisors LP holds 9,063,890 shares valued at $26.1 million.

In spite of this, 5 analysts ranked Brookdale Senior Living Inc. stock as a Hold at the end of 2023. On September 03, 2019, Barclays assigned a price target of “an Equal weight” to the stock and initiated coverage with a $8.


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