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Understanding the Risks of Investing in Brighthouse Financial Inc (BHF)

In a filing, Brighthouse Financial Inc revealed its President and CEO Steigerwalt Eric T unloaded Company’s shares for reported $1.17 million on Feb 26 ’24. In the deal valued at $46.96 per share,25,000 shares were sold. As a result of this transaction, Steigerwalt Eric T now holds 390,765 shares worth roughly $16.92 million.

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Then, Lambert Myles sold 10,000 shares, generating $471,100 in total proceeds. Upon selling the shares at $47.11, the EVP,Chief Mktg.& Dist. Officer now owns 61,984 shares.

Before that, Rosenthal John sold 10,000 shares. Brighthouse Financial Inc shares valued at $468,600 were divested by the EVP & Chief Investment Officer at a price of $46.86 per share. As a result of the transaction, Rosenthal John now holds 111,452 shares, worth roughly $4.83 million.

Morgan Stanley downgraded its Brighthouse Financial Inc [BHF] rating to an Underweight from a an Equal-weight in a research note published recently. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who decreased its forecast for the stock in mid December from “a Mkt perform” to “an Underperform”. Goldman also remained covering BHF and has decreased its forecast on September 21, 2023 with a “Sell” recommendation from previously “Neutral” rating. Raymond James started covering the stock on February 08, 2023. It rated BHF as “a Mkt perform”.

Price Performance Review of BHF

On Friday, Brighthouse Financial Inc [NASDAQ:BHF] saw its stock jump 0.16% to $43.30. Over the last five days, the stock has lost -5.58%. Brighthouse Financial Inc shares have fallen nearly -18.18% since the year began. Nevertheless, the stocks have risen 7.77% over the past one year. While a 52-week high of $56.24 was reached on 02/12/24, a 52-week low of $39.62 was recorded on 05/23/24. SMA at 50 days reached $48.17, while 200 days put it at $49.23. A total of 0.33 million shares were traded, compared to the trading of 0.34 million shares in the previous session.

Levels Of Support And Resistance For BHF Stock

The 24-hour chart illustrates a support level at 43.13, which if violated will result in even more drops to 42.97. On the upside, there is a resistance level at 43.47. A further resistance level may holdings at 43.65. The Relative Strength Index (RSI) on the 14-day chart is 32.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.08%. Stochastics %K at 2.48% indicates the stock is a buying.

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