BrightSpire Capital Inc’s recently made public that its insider Palame David A unloaded Company’s shares for reported $0.34 million on Mar 27 ’24. In the deal valued at $6.76 per share,50,000 shares were sold. As a result of this transaction, Palame David A now holds 347,832 shares worth roughly $2.01 million.
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A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in early May from “an Outperform” to “a Mkt perform”. BofA Securities also remained covering BRSP and has decreased its forecast on March 04, 2024 with a “an Underperform” recommendation from previously “Neutral” rating. Barclays started covering the stock on November 15, 2023. It rated BRSP as “an Equal weight”.
Price Performance Review of BRSP
On Monday, BrightSpire Capital Inc [NYSE:BRSP] saw its stock jump 1.58% to $5.77. Over the last five days, the stock has gained 8.87%. BrightSpire Capital Inc shares have fallen nearly -22.45% since the year began. Nevertheless, the stocks have fallen -9.42% over the past one year. While a 52-week high of $8.01 was reached on 01/29/24, a 52-week low of $5.07 was recorded on 08/05/24. SMA at 50 days reached $5.91, while 200 days put it at $6.52.
Levels Of Support And Resistance For BRSP Stock
The 24-hour chart illustrates a support level at 5.71, which if violated will result in even more drops to 5.64. On the upside, there is a resistance level at 5.81. A further resistance level may holdings at 5.84. The Relative Strength Index (RSI) on the 14-day chart is 50.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 18.60%. Stochastics%K at 58.10% indicates the stock is a holding.
How much short interest is there in BrightSpire Capital Inc?
A steep rise in short interest was recorded in BrightSpire Capital Inc stocks on 2024-07-31, growing by 0.2 million shares to a total of 2.64 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 2.44 million shares. There was a rise of 7.75%, which implies that there is a positive sentiment for the stock.
