BrightSpire Capital Inc’s recently made public that its Palame David A unloaded Company’s shares for reported $0.34 million on Mar 27 ’24. In the deal valued at $6.76 per share,50,000 shares were sold. As a result of this transaction, Palame David A now holds 347,832 shares worth roughly $2.18 million.
BofA Securities downgraded its BrightSpire Capital Inc [BRSP] rating to an Underperform from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in mid November with a ‘”an Equal weight”‘ rating. BTIG Research revised its rating on December 06, 2022. It rated BRSP as “a Neutral” which previously was an “a Buy”.
Price Performance Review of BRSP
On Friday, BrightSpire Capital Inc [NYSE:BRSP] saw its stock fall -1.10% to $6.28. Over the last five days, the stock has lost -3.53%. BrightSpire Capital Inc shares have fallen nearly -15.59% since the year began. Nevertheless, the stocks have risen 13.97% over the past one year. While a 52-week high of $8.01 was reached on 01/29/24, a 52-week low of $5.20 was recorded on 04/10/24. SMA at 50 days reached $6.74, while 200 days put it at $6.77. A total of 0.71 million shares were traded, compared to the trading of 0.79 million shares in the previous session.
Levels Of Support And Resistance For BRSP Stock
The 24-hour chart illustrates a support level at 6.23, which if violated will result in even more drops to 6.19. On the upside, there is a resistance level at 6.33. A further resistance level may holdings at 6.39. The Relative Strength Index (RSI) on the 14-day chart is 37.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.00%. Stochastics %K at 15.19% indicates the stock is a buying.
The most recent change occurred on February 18, 2022 when BofA Securities began covering the stock and recommended ‘”a Neutral”‘ rating along with a $9.50 price target.
