BrightSpring Health Services Inc’s recently made public that its insider ROUSSEAU JON B acquired Company’s shares for reported $0.15 million on Mar 15 ’24. In the deal valued at $8.09 per share,18,400 shares were bought. As a result of this transaction, ROUSSEAU JON B now holds 369,763 shares worth roughly $3.78 million.
Then, ROUSSEAU JON B bought 18,400 shares, generating $148,856 in total proceeds. Upon buying the shares at $8.09, the insider now owns 1,025,636 shares.
Before that, Mattingly James F Jr bought 6,080 shares. BrightSpring Health Services Inc shares valued at $50,221 were divested by the insider at a price of $8.26 per share. As a result of the transaction, Mattingly James F Jr now holds 134,780 shares, worth roughly $1.38 million.
HSBC Securities initiated its BrightSpring Health Services Inc [BTSG] rating to a Buy in a research note published on March 06, 2024; the price target was $13. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who increased its forecast for the stock in late February from “a Hold” to “a Buy”. Wells Fargo began covering BTSG with “an Overweight” recommendation on February 20, 2024. UBS started covering the stock on February 20, 2024. It rated BTSG as “a Buy”.
Price Performance Review of BTSG
On Friday, BrightSpring Health Services Inc [NASDAQ:BTSG] saw its stock fall -0.68% to $10.22. Over the last five days, the stock has lost -5.98%. BrightSpring Health Services Inc shares have fallen nearly -7.09% since the year began.
Levels Of Support And Resistance For BTSG Stock
The 24-hour chart illustrates a support level at 10.07, which if violated will result in even more drops to 9.91. On the upside, there is a resistance level at 10.42. A further resistance level may holdings at 10.61. The Relative Strength Index (RSI) on the 14-day chart is 55.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 34.94%. Stochastics %K at 73.44% indicates the stock is a holding.
How much short interest is there in BrightSpring Health Services Inc?
A steep rise in short interest was recorded in BrightSpring Health Services Inc stocks on Mar 15, 2024, growing by 0.78 million shares to a total of 11.51 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 10.73 million shares. There was a rise of 6.78%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 22.22% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.31.
The most recent change occurred on February 20, 2024 when Morgan Stanley began covering the stock and recommended ‘”an Overweight”‘ rating along with a $18 price target.
