Keeping an Eye on Bright Horizons Family Solutions, Inc. (BFAM) After Insider Trading Activity

Bright Horizons Family Solutions, Inc.’s recent filing unveils that its General Counsel and Secretary Casagrande John Guy unloaded Company’s shares for reported $0.24 million on Mar 06 ’24. In the deal valued at $115.20 per share,2,040 shares were sold. As a result of this transaction, Casagrande John Guy now holds 17,912 shares worth roughly $2.1 million.

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Then, Burke Mary Lou sold 1,500 shares, generating $172,500 in total proceeds. Upon selling the shares at $115.00, the COO North America Center Ops now owns 33,769 shares.

Before that, BOLAND ELIZABETH J sold 15,640 shares. Bright Horizons Family Solutions, Inc. shares valued at $1,779,331 were divested by the Chief Financial Officer at a price of $113.77 per share. As a result of the transaction, BOLAND ELIZABETH J now holds 89,983 shares, worth roughly $10.56 million.

Barclays upgraded its Bright Horizons Family Solutions, Inc. [BFAM] rating to an Overweight from a an Equal weight in a research note published on February 28, 2024; the price target was increased to $125 from $100. A number of analysts have revised their coverage, including UBS’s analysts, who increased its forecast for the stock in late October from “a Sell” to “a Neutral”. BMO Capital Markets also remained covering BFAM and has decreased its forecast on July 17, 2023 with a “Market perform” recommendation from previously “an Outperform” rating. UBS started covering the stock on June 01, 2023. It rated BFAM as “a Sell”.

Price Performance Review of BFAM

On Tuesday, Bright Horizons Family Solutions, Inc. [NYSE:BFAM] saw its stock jump 0.79% to $117.38. Over the last five days, the stock has gained 2.87%. Bright Horizons Family Solutions, Inc. shares have risen nearly 24.55% since the year began. Nevertheless, the stocks have risen 47.93% over the past one year. While a 52-week high of $119.13 was reached on 03/08/24, a 52-week low of $71.65 was recorded on 01/03/24. SMA at 50 days reached $103.17, while 200 days put it at $92.48. A total of 0.31 million shares were traded, compared to the trading of 0.2 million shares in the previous session.

Levels Of Support And Resistance For BFAM Stock

The 24-hour chart illustrates a support level at 116.17, which if violated will result in even more drops to 114.97. On the upside, there is a resistance level at 118.16. A further resistance level may holdings at 118.95. The Relative Strength Index (RSI) on the 14-day chart is 68.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.51, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.33%. Stochastics %K at 85.81% indicates the stock is a selling.

How much short interest is there in Bright Horizons Family Solutions, Inc.?

A steep rise in short interest was recorded in Bright Horizons Family Solutions, Inc. stocks on Feb 29, 2024, dropping by 20000.0 shares to a total of 1.88 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 1.9 million shares. There was a decline of -1.06%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.27% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.09.

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