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Examining the Potential Price Growth of BrightSphere Investment Group Inc (BSIG)

BrightSphere Investment Group Inc’s recently made public that its President and CEO Rana Suren unloaded Company’s shares for reported $2.28 million on Feb 14 ’24. In the deal valued at $20.74 per share,109,960 shares were sold. As a result of this transaction, Rana Suren now holds 130,967 shares worth roughly $2.88 million.

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Morgan Stanley downgraded its BrightSphere Investment Group Inc [BSIG] rating to an Equal-weight from a an Overweight 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 late October from “an Outperform” to “a Mkt perform”. BofA Securities also remained covering BSIG and has increased its forecast on April 09, 2021 with a “Buy” recommendation from previously “Neutral” rating. Morgan Stanley revised its rating on April 08, 2021. It rated BSIG as “an Overweight” which previously was an “an Equal-weight”.

Price Performance Review of BSIG

On Tuesday, BrightSphere Investment Group Inc [NYSE:BSIG] saw its stock jump 0.83% to $21.96. Over the last five days, the stock has lost -2.96%. BrightSphere Investment Group Inc shares have risen nearly 14.61% since the year began. Nevertheless, the stocks have fallen -1.13% over the past one year. While a 52-week high of $23.63 was reached on 04/23/24, a 52-week low of $15.23 was recorded on 01/05/24. SMA at 50 days reached $22.61, while 200 days put it at $20.49. A total of 0.23 million shares were traded, compared to the trading of 0.25 million shares in the previous session.

Levels Of Support And Resistance For BSIG Stock

The 24-hour chart illustrates a support level at 21.69, which if violated will result in even more drops to 21.41. On the upside, there is a resistance level at 22.11. A further resistance level may holdings at 22.25. The Relative Strength Index (RSI) on the 14-day chart is 42.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.98%. Stochastics %K at 32.97% indicates the stock is a holding.

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