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Barclays analysts upgrades an Overweight rating for Bright Horizons Family Solutions, Inc. (BFAM)

Bright Horizons Family Solutions, Inc.’s recently made public that its CEO & President Kramer Stephen Howard unloaded Company’s shares for reported $1.28 million on May 08 ’24. In the deal valued at $113.95 per share,11,250 shares were sold. As a result of this transaction, Kramer Stephen Howard now holds 122,573 shares worth roughly $13.19 million.

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Then, Janoff Jason sold 6,000 shares, generating $682,718 in total proceeds. Upon selling the shares at $113.79, the Chief Accounting Officer now owns 8,955 shares.

Before that, Casagrande John Guy sold 2,040 shares. Bright Horizons Family Solutions, Inc. shares valued at $235,008 were divested by the General Counsel and Secretary at a price of $115.20 per share. As a result of the transaction, Casagrande John Guy now holds 17,912 shares, worth roughly $1.93 million.

Barclays upgraded its Bright Horizons Family Solutions, Inc. [BFAM] rating to an Overweight from a an Equal weight in a research note published on February 28, 2024; the price target was increased to $125 from $100. A number of analysts have revised their coverage, including UBS’s analysts, who increased its forecast for the stock in late October from “a Sell” to “a Neutral”. BMO Capital Markets also remained covering BFAM and has decreased its forecast on July 17, 2023 with a “Market perform” recommendation from previously “an Outperform” rating. UBS started covering the stock on June 01, 2023. It rated BFAM as “a Sell”.

Price Performance Review of BFAM

On Friday, Bright Horizons Family Solutions, Inc. [NYSE:BFAM] saw its stock fall -0.81% to $107.62. Over the last five days, the stock has lost -1.32%. Bright Horizons Family Solutions, Inc. shares have risen nearly 14.20% since the year began. Nevertheless, the stocks have risen 30.72% over the past one year. While a 52-week high of $119.21 was reached on 03/13/24, a 52-week low of $71.65 was recorded on 01/03/24. SMA at 50 days reached $110.23, while 200 days put it at $97.25. A total of 0.36 million shares were traded, compared to the trading of 0.48 million shares in the previous session.

Levels Of Support And Resistance For BFAM Stock

The 24-hour chart illustrates a support level at 106.96, which if violated will result in even more drops to 106.29. On the upside, there is a resistance level at 108.90. A further resistance level may holdings at 110.18. The Relative Strength Index (RSI) on the 14-day chart is 43.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.34%. Stochastics %K at 7.15% indicates the stock is a buying.

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