Brighthouse Financial Inc’s filing revealed that its EVP & Chief Investment Officer Rosenthal John unloaded Company’s shares for reported $0.23 million on Jul 10 ’24. In the deal valued at $46.00 per share,5,000 shares were sold. As a result of this transaction, Rosenthal John now holds 96,262 shares worth roughly $3.93 million.
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Then, Steigerwalt Eric T sold 25,000 shares, generating $1,109,550 in total proceeds. Upon selling the shares at $44.38, the President and CEO now owns 346,072 shares.
Before that, Lambert Myles sold 8,400 shares. Brighthouse Financial Inc shares valued at $372,120 were divested by the EVP,Chief Mktg.& Dist. Officer at a price of $44.30 per share. As a result of the transaction, Lambert Myles now holds 50,207 shares, worth roughly $2.05 million.
Wells Fargo downgraded its Brighthouse Financial Inc [BHF] rating to an Underweight from a an Equal weight in a research note published on August 12, 2024; the price target was decreased to $40 from $51. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in early July from “a Hold” to “a Buy”. Keefe Bruyette also remained covering BHF and has increased its forecast on June 17, 2024 with a “Mkt perform” recommendation from previously “an Underperform” rating. Morgan Stanley revised its rating on February 23, 2024. It rated BHF as “an Underweight” which previously was an “an Equal-weight”.
Price Performance Review of BHF
On Monday, Brighthouse Financial Inc [NASDAQ:BHF] saw its stock fall -2.81% to $40.78. Over the last five days, the stock has lost -6.15%. Brighthouse Financial Inc shares have fallen nearly -22.94% since the year began. Nevertheless, the stocks have fallen -18.51% over the past one year. While a 52-week high of $56.24 was reached on 02/12/24, a 52-week low of $40.24 was recorded on 06/14/24. SMA at 50 days reached $44.94, while 200 days put it at $48.23.
Levels Of Support And Resistance For BHF Stock
The 24-hour chart illustrates a support level at 40.20, which if violated will result in even more drops to 39.63. On the upside, there is a resistance level at 41.90. A further resistance level may holdings at 43.03. The Relative Strength Index (RSI) on the 14-day chart is 30.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.71%. Stochastics%K at 4.02% indicates the stock is a buying.
How much short interest is there in Brighthouse Financial Inc?
A steep rise in short interest was recorded in Brighthouse Financial Inc stocks on
