The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. BrightSpring Health Services Inc shares valued at $148,856 were purchased by ROUSSEAU JON B on Mar 15 ’24. At $8.09 per share, ROUSSEAU JON B acquired 18,400 shares. The insider’s holdings grew to 369,763 shares worth approximately $3.85 million following the completion of this transaction.
Also, ROUSSEAU JON B purchased 18,400 shares, netting a total of over 148,856 in proceeds. Following the buying of shares at $8.09 each, the insider now holds 1,025,636 shares.
Before that, Mattingly James F Jr had added 6,080 shares to its account. In a trade valued at $50,221, the insider bought BrightSpring Health Services Inc shares for $8.26 each. Upon closing the transaction, the insider’s holdings increased to 6,080 shares, worth approximately $1.4 million.
As published in their initiating research note from HSBC Securities on March 06, 2024, BrightSpring Health Services Inc [BTSG] has been a Buy and the price target has been revised to $13. Analysts at Deutsche Bank upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late February. As of February 20, 2024, Wells Fargo has initiated its “an Overweight” rating for BTSG. Earlier on February 20, 2024, UBS initiated its rating. Their recommendation was “a Buy” for BTSG stock.
Analyzing BTSG Stock Performance
During the last five days, there has been a surge of approximately 1.17%. Over the course of the year, BrightSpring Health Services Inc shares have dropped approximately -5.36%.
Support And Resistance Levels for BrightSpring Health Services Inc (BTSG)
According to the 24-hour chart, there is a support level at 10.29, which, if violated, would cause prices to drop to 10.17. In the upper region, resistance lies at 10.64. The next price resistance is at 10.87. RSI (Relative Strength Index) is 52.75 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 50.00%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
