Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. BrightView Holdings Inc shares valued at $7,670 were purchased by DONNELLY THOMAS C on Nov 30 ’23. At $7.67 per share, DONNELLY THOMAS C acquired 1,000 shares. The insider’s holdings grew to 227,711 shares worth approximately $2.68 million following the completion of this transaction.
Also, Cornog William L purchased 30,000 shares, netting a total of over 220,120 in proceeds. Following the buying of shares at $7.34 each, the insider now holds 20,000 shares.
Before that, Gottsegen Jonathan Mark had sold 59,403 shares from its account. In a trade valued at $436,018, the EVP, CLO & Corporate Secretary traded BrightView Holdings Inc shares for $7.34 each. Upon closing the transaction, the insider’s holdings decreased to 59,403 shares, worth approximately $1.02 million.
As published in a research note from Goldman on April 04, 2024, BrightView Holdings Inc [BV] has been rated down from a Neutral to a Sell and the price target has been revised to $10 from $8. Analysts at Craig Hallum started covering the stock with ‘”a Buy”‘ outlook in a report released in early March. As of November 21, 2022, Jefferies has decreased its “Buy” rating to a “Hold” for BV. Earlier on January 10, 2022, William Blair downgraded its rating. Their new recommendation was “a Mkt perform” for BV stock which previously was a “an Outperform”.
Analyzing BV Stock Performance
During the last five days, there has been a surge of approximately 0.68%. Over the course of the year, BrightView Holdings Inc shares have jumped approximately 39.79%. Shares of the company reached a 52-week high of $12.35 on 04/03/24 and a 52-week low of $7.75 on 01/08/24. A 50-day SMA is recorded $9.88, while a 200-day SMA reached $8.37. Nevertheless, trading volume fell to 1.35 million shares from 0.98 million shares the previous day.
Support And Resistance Levels for BrightView Holdings Inc (BV)
According to the 24-hour chart, there is a support level at 11.57, which, if violated, would cause prices to drop to 11.38. In the upper region, resistance lies at 11.88. The next price resistance is at 12.00. RSI (Relative Strength Index) is 63.35 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.09, which suggests the price will decrease in the coming days. Percent R is at 38.93%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is BrightView Holdings Inc subject to short interest?
Stocks of BrightView Holdings Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.33 million shares to 0.96 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 0.64 million shares. A jump of 33.95% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.84 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.84.
