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A Guide To The Risks Of Investing In BrightSpring Health Services Inc (BTSG)

In a filing, BrightSpring Health Services Inc revealed its Director DAmbrosio Matthew acquired Company’s shares for reported $11461.0 on May 20 ’24. In the deal valued at $11.46 per share,1,000 shares were bought. As a result of this transaction, DAmbrosio Matthew now holds 1,000 shares worth roughly $11320.0.

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Then, ROUSSEAU JON B bought 18,400 shares, generating $148,856 in total proceeds. Upon buying the shares at $8.09, the insider now owns 369,763 shares.

Before that, ROUSSEAU JON B bought 18,400 shares. BrightSpring Health Services Inc shares valued at $148,856 were divested by the insider at a price of $8.09 per share. As a result of the transaction, ROUSSEAU JON B now holds 1,025,636 shares, worth roughly $11.61 million.

HSBC Securities initiated its BrightSpring Health Services Inc [BTSG] rating to a Buy in a research note published on March 06, 2024; the price target was $13. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who increased its forecast for the stock in late February from “a Hold” to “a Buy”. Wells Fargo began covering BTSG with “an Overweight” recommendation on February 20, 2024. UBS started covering the stock on February 20, 2024. It rated BTSG as “a Buy”.

Price Performance Review of BTSG

On Friday, BrightSpring Health Services Inc [NASDAQ:BTSG] saw its stock fall -0.96% to $11.32. Over the last five days, the stock has lost -1.31%. BrightSpring Health Services Inc shares have risen nearly 2.91% since the year began.

Levels Of Support And Resistance For BTSG Stock

The 24-hour chart illustrates a support level at 11.17, which if violated will result in even more drops to 11.01. On the upside, there is a resistance level at 11.47. A further resistance level may holdings at 11.61. The Relative Strength Index (RSI) on the 14-day chart is 54.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.92%. Stochastics %K at 45.29% indicates the stock is a holding.

The most recent change occurred on February 20, 2024 when Morgan Stanley began covering the stock and recommended ‘”an Overweight”‘ rating along with a $18 price target.

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