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Selling Buzz: BrightSphere Investment Group Inc [BSIG] President and CEO Rana Suren sells 109,960 shares of the company

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. BrightSphere Investment Group Inc shares valued at $2,280,361 were sold by Rana Suren on Feb 14 ’24. At $20.74 per share, Rana Suren sold 109,960 shares. The insider’s holdings dropped to 130,967 shares worth approximately $2.98 million following the completion of this transaction.

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As published in a research note from Morgan Stanley on December 14, 2021, BrightSphere Investment Group Inc [BSIG] has been rated down from an Overweight to an Equal-weight. Analysts at Keefe Bruyette downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in late October. As of April 09, 2021, BofA Securities has increased its “Neutral” rating to a “Buy” for BSIG. Earlier on April 08, 2021, Morgan Stanley upgraded its rating. Their new recommendation was “an Overweight” for BSIG stock which previously was a “an Equal-weight”.

Analyzing BSIG Stock Performance

During the last five days, there has been a drop of approximately -0.04%. Over the course of the year, BrightSphere Investment Group Inc shares have jumped approximately 18.95%. Shares of the company reached a 52-week high of $23.63 on 04/23/24 and a 52-week low of $18.09 on 01/05/24. A 50-day SMA is recorded $22.46, while a 200-day SMA reached $20.62. Nevertheless, trading volume fell to 0.55 million shares from 0.25 million shares the previous day.

Support And Resistance Levels for BrightSphere Investment Group Inc (BSIG)

According to the 24-hour chart, there is a support level at 22.24, which, if violated, would cause prices to drop to 21.70. In the upper region, resistance lies at 23.07. The next price resistance is at 23.36. RSI (Relative Strength Index) is 54.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.20, which suggests the price will decrease in the coming days. Percent R is at 15.19%, indicating bullish price movement. Stochastics%K at holding indicates that the stock is to be held.

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