Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Bread Financial Holdings Inc shares valued at $1,605,247 were sold by Turtle Creek Asset Management on Jan 29 ’24. At $35.67 per share, Turtle Creek Asset Management sold 45,000 shares. The insider’s holdings dropped to 293,092 shares worth approximately $12.08 million following the completion of this transaction.
Also, Turtle Creek Asset Management sold 30,000 shares, netting a total of over 1,065,834 in proceeds. Following the sale of shares at $35.53 each, the insider now holds 295,787 shares.
Before that, Turtle Creek Asset Management had sold 30,000 shares from its account. In a trade valued at $966,977, the 10% Owner traded Bread Financial Holdings Inc shares for $32.23 each. Upon closing the transaction, the insider’s holdings decreased to 30,000 shares, worth approximately $12.26 million.
As published in a research note from Keefe Bruyette on May 02, 2024, Bread Financial Holdings Inc [BFH] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $67 from $38. Analysts at Argus downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early May. As of April 04, 2024, Wolfe Research has increased its “Peer perform” rating to a “an Outperform” for BFH. Earlier on January 10, 2024, BMO Capital Markets initiated its rating. Their recommendation was “a Market perform” for BFH stock.
Analyzing BFH Stock Performance
During the last five days, there has been a surge of approximately 12.44%. Over the course of the year, Bread Financial Holdings Inc shares have jumped approximately 25.11%. Shares of the company reached a 52-week high of $41.38 on 05/02/24 and a 52-week low of $28.00 on 01/25/24. A 50-day SMA is recorded $36.64, while a 200-day SMA reached $34.20. Nevertheless, trading volume fell to 1.03 million shares from 1.01 million shares the previous day.
Support And Resistance Levels for Bread Financial Holdings Inc (BFH)
According to the 24-hour chart, there is a support level at 39.66, which, if violated, would cause prices to drop to 38.11. In the upper region, resistance lies at 42.07. The next price resistance is at 42.93. RSI (Relative Strength Index) is 68.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.05, which suggests the price will increase in the coming days. Percent R is at 1.83%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
