Bread Financial Holdings Inc’s filing revealed that its 10% Owner Turtle Creek Asset Management unloaded Company’s shares for reported $1.61 million on Jan 29 ’24. In the deal valued at $35.67 per share,45,000 shares were sold. As a result of this transaction, Turtle Creek Asset Management now holds 293,092 shares worth roughly $11.84 million.
Then, Turtle Creek Asset Management sold 30,000 shares, generating $1,065,834 in total proceeds. Upon selling the shares at $35.53, the 10% Owner now owns 295,787 shares.
Before that, Turtle Creek Asset Management sold 30,000 shares. Bread Financial Holdings Inc shares valued at $966,977 were divested by the 10% Owner at a price of $32.23 per share. As a result of the transaction, Turtle Creek Asset Management now holds 297,583 shares, worth roughly $12.02 million.
Keefe Bruyette upgraded its Bread Financial Holdings Inc [BFH] rating to an Outperform from a a Mkt perform in a research note published on May 02, 2024; the price target was increased to $67 from $38. A number of analysts have revised their coverage, including Argus’s analysts, who decreased its forecast for the stock in early May from “a Buy” to “a Hold”. Wolfe Research also remained covering BFH and has increased its forecast on April 04, 2024 with a “an Outperform” recommendation from previously “Peer perform” rating. BMO Capital Markets started covering the stock on January 10, 2024. It rated BFH as “a Market perform”.
Price Performance Review of BFH
On Monday, Bread Financial Holdings Inc [NYSE:BFH] saw its stock fall -1.03% to $40.39. Over the last five days, the stock has gained 6.26%. Bread Financial Holdings Inc shares have risen nearly 22.62% since the year began. Nevertheless, the stocks have risen 70.42% over the past one year. While a 52-week high of $41.89 was reached on 05/03/24, a 52-week low of $23.19 was recorded on 01/25/24. SMA at 50 days reached $36.79, while 200 days put it at $34.24. A total of 0.7 million shares were traded, compared to the trading of 1.17 million shares in the previous session.
Levels Of Support And Resistance For BFH Stock
The 24-hour chart illustrates a support level at 39.93, which if violated will result in even more drops to 39.47. On the upside, there is a resistance level at 41.12. A further resistance level may holdings at 41.85. The Relative Strength Index (RSI) on the 14-day chart is 64.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.03, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 14.45%. Stochastics %K at 91.20% indicates the stock is a selling.
