Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Brookdale Senior Living Inc shares valued at $50,307 were purchased by HICKS GEORGE T on Mar 06 ’24. At $5.50 per share, HICKS GEORGE T acquired 9,140 shares. The insider’s holdings grew to 351,883 shares worth approximately $2.34 million following the completion of this transaction.
Also, BUMSTEAD FRANK M purchased 1,000 shares, netting a total of over 5,360 in proceeds. Following the buying of shares at $5.36 each, the insider now holds 500,052 shares.
Before that, BROMLEY MARCUS E had sold 3,995 shares from its account. In a trade valued at $21,158, the Director traded Brookdale Senior Living Inc shares for $5.30 each. Upon closing the transaction, the insider’s holdings decreased to 3,995 shares, worth approximately $0.98 million.
As published in a research note from BofA Securities on December 15, 2023, Brookdale Senior Living Inc [BKD] has been rated up from an Underperform to a Neutral and the price target has been revised to $6 from $3.95. Analysts at RBC Capital Mkts upgraded the stock from ‘”a Sector perform”‘ to ‘”an Outperform”‘ outlook in a report released in mid November. As of January 17, 2023, Stifel has decreased its “Buy” rating to a “Hold” for BKD.
Analyzing BKD Stock Performance
During the last five days, there has been a drop of approximately -1.33%. Over the course of the year, Brookdale Senior Living Inc shares have jumped approximately 14.43%. Shares of the company reached a 52-week high of $7.05 on 04/09/24 and a 52-week low of $5.27 on 02/21/24. A 50-day SMA is recorded $6.03, while a 200-day SMA reached $4.89. Nevertheless, trading volume fell to 1.58 million shares from 1.0 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 6.53, which, if violated, would cause prices to drop to 6.41. In the upper region, resistance lies at 6.81. The next price resistance is at 6.97. RSI (Relative Strength Index) is 57.00 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 58.21%, 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 Mar 15, 2024 jumping by 1.73 million shares to 18.97 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 17.24 million shares. A jump of 9.12% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 8.11 of the overall float, the days-to-cover ratio (short ratio) jumped to 8.11.
