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BSIG stock rated an Equal-weight by Morgan Stanley

In a filing, BrightSphere Investment Group Inc revealed 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 $2.98 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 1.56% to $22.75. Over the last five days, the stock has gained 3.22%. BrightSphere Investment Group Inc shares have risen nearly 18.74% since the year began. Nevertheless, the stocks have risen 14.15% over the past one year. While a 52-week high of $26.57 was reached on 07/31/24, a 52-week low of $15.23 was recorded on 01/05/24. SMA at 50 days reached $23.19, while 200 days put it at $21.35.

Levels Of Support And Resistance For BSIG Stock

The 24-hour chart illustrates a support level at 22.50, which if violated will result in even more drops to 22.25. On the upside, there is a resistance level at 22.95. A further resistance level may holdings at 23.15. The Relative Strength Index (RSI) on the 14-day chart is 44.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.20%. Stochastics%K at 20.28% indicates the stock is a holding.

How much short interest is there in BrightSphere Investment Group Inc?

A steep rise in short interest was recorded in BrightSphere Investment Group Inc stocks on , growing by 94775.0 shares to a total of 2.39 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 2.29 million shares. There was a rise of 3.97%, which implies that there is a positive sentiment for the stock.

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