Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. BrightSpring Health Services Inc shares valued at $11,461 were purchased by DAmbrosio Matthew on May 20 ’24. At $11.46 per share, DAmbrosio Matthew acquired 1,000 shares. The insider’s holdings grew to 1,000 shares worth approximately $10790.0 following the completion of this transaction.
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Also, ROUSSEAU JON B purchased 18,400 shares, netting a total of over 148,856 in proceeds. Following the buying of shares at $8.09 each, the insider now holds 369,763 shares.
Before that, ROUSSEAU JON B had added 18,400 shares to its account. In a trade valued at $148,856, the insider bought BrightSpring Health Services Inc shares for $8.09 each. Upon closing the transaction, the insider’s holdings increased to 18,400 shares, worth approximately $11.07 million.
As published in their initiating research note from BTIG Research on June 21, 2024, BrightSpring Health Services Inc [BTSG] has been a Buy and the price target has been revised to $15. Analysts at HSBC Securities started covering the stock with ‘”a Buy”‘ outlook in a report released in early March. As of February 27, 2024, Deutsche Bank has increased its “Hold” rating to a “Buy” for BTSG. Earlier on February 20, 2024, Wells Fargo initiated its rating. Their recommendation was “an Overweight” for BTSG stock.
Analyzing BTSG Stock Performance
During the last five days, there has been a surge of approximately 2.57%. Over the course of the year, BrightSpring Health Services Inc shares have dropped approximately -1.91%.
Support And Resistance Levels for BrightSpring Health Services Inc (BTSG)
According to the 24-hour chart, there is a support level at 10.54, which, if violated, would cause prices to drop to 10.30. In the upper region, resistance lies at 10.92. The next price resistance is at 11.06. RSI (Relative Strength Index) is 47.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.01, which suggests the price will decrease in the coming days. Percent R is at 73.58%, indicating bearish price movement. Stochastics%K at holding indicates that the stock is to be held.
