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Taking a Closer Look At Brookdale Senior Living Inc (BKD) Following Its Recent Trade

Brookdale Senior Living Inc’s recently made public that its EVP & Treasurer HICKS GEORGE T acquired Company’s shares for reported $50307.0 on Mar 06 ’24. In the deal valued at $5.50 per share,9,140 shares were bought. As a result of this transaction, HICKS GEORGE T now holds 351,883 shares worth roughly $2.39 million.

Then, BUMSTEAD FRANK M bought 1,000 shares, generating $5,360 in total proceeds. Upon buying the shares at $5.36, the Director now owns 500,052 shares.

Before that, BROMLEY MARCUS E sold 3,995 shares. Brookdale Senior Living Inc shares valued at $21,158 were divested by the Director at a price of $5.30 per share. As a result of the transaction, BROMLEY MARCUS E now holds 147,001 shares, worth roughly $1.0 million.

BofA Securities upgraded its Brookdale Senior Living Inc [BKD] rating to a Neutral from a an Underperform in a research note published on December 15, 2023; the price target was increased to $6 from $3.95. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who increased its forecast for the stock in mid November from “a Sector perform” to “an Outperform”. Stifel also remained covering BKD and has decreased its forecast on January 17, 2023 with a “Hold” recommendation from previously “Buy” rating.

Price Performance Review of BKD

On Tuesday, Brookdale Senior Living Inc [NYSE:BKD] saw its stock fall -1.74% to $6.79. Over the last five days, the stock has lost -2.02%. Brookdale Senior Living Inc shares have risen nearly 16.67% since the year began. Nevertheless, the stocks have risen 58.28% over the past one year. While a 52-week high of $7.07 was reached on 04/30/24, a 52-week low of $3.33 was recorded on 02/21/24. SMA at 50 days reached $6.28, while 200 days put it at $5.07. A total of 1.92 million shares were traded, compared to the trading of 1.1 million shares in the previous session.

Levels Of Support And Resistance For BKD Stock

The 24-hour chart illustrates a support level at 6.70, which if violated will result in even more drops to 6.60. On the upside, there is a resistance level at 6.98. A further resistance level may holdings at 7.16. The Relative Strength Index (RSI) on the 14-day chart is 56.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.33%. Stochastics %K at 78.88% indicates the stock is a holding.

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