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BrightSpring Health Services Inc [BTSG] Investment Guide: What You Need to Know

BrightSpring Health Services Inc’s filing revealed that its Director DAmbrosio Matthew acquired Company’s shares for reported $11461.0 on May 20 ’24. In the deal valued at $11.46 per share,1,000 shares were bought. As a result of this transaction, DAmbrosio Matthew now holds 1,000 shares worth roughly $12480.0.

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Then, ROUSSEAU JON B bought 18,400 shares, generating $148,856 in total proceeds. Upon buying the shares at $8.09, the insider now owns 369,763 shares.

Before that, ROUSSEAU JON B bought 18,400 shares. BrightSpring Health Services Inc shares valued at $148,856 were divested by the insider at a price of $8.09 per share. As a result of the transaction, ROUSSEAU JON B now holds 1,025,636 shares, worth roughly $12.8 million.

BTIG Research initiated its BrightSpring Health Services Inc [BTSG] rating to a Buy in a research note published on June 21, 2024; the price target was $15. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who began to cover the stock in early March with a ‘”a Buy”‘ rating. Deutsche Bank also remained covering BTSG and has increased its forecast on February 27, 2024 with a “Buy” recommendation from previously “Hold” rating. Wells Fargo started covering the stock on February 20, 2024. It rated BTSG as “an Overweight”.

Price Performance Review of BTSG

On Monday, BrightSpring Health Services Inc [NASDAQ:BTSG] saw its stock jump 1.26% to $12.48. Over the last five days, the stock has gained 4.39%. BrightSpring Health Services Inc shares have risen nearly 13.50% since the year began.

Levels Of Support And Resistance For BTSG Stock

The 24-hour chart illustrates a support level at 12.29, which if violated will result in even more drops to 12.10. On the upside, there is a resistance level at 12.65. A further resistance level may holdings at 12.82. The Relative Strength Index (RSI) on the 14-day chart is 69.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 7.80%. Stochastics%K at 89.56% indicates the stock is a selling.

The most recent change occurred on February 20, 2024 when UBS began covering the stock and recommended ‘”a Buy”‘ rating along with a $15 price target.

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