BrightSpring Health Services Inc’s recently made public 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 $12550.0.
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Then, Yowler Jennifer bought 3,000 shares, generating $24,630 in total proceeds. Upon buying the shares at $8.21, the President, PharMerica now owns 60,880 shares.
Before that, Mattingly James F Jr bought 6,080 shares. BrightSpring Health Services Inc shares valued at $50,221 were divested by the insider at a price of $8.26 per share. As a result of the transaction, Mattingly James F Jr now holds 134,780 shares, worth roughly $1.69 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 Friday, BrightSpring Health Services Inc [NASDAQ:BTSG] saw its stock fall -1.65% to $12.55. Over the last five days, the stock has lost -0.16%. BrightSpring Health Services Inc shares have risen nearly 14.09% since the year began.
Levels Of Support And Resistance For BTSG Stock
The 24-hour chart illustrates a support level at 12.39, which if violated will result in even more drops to 12.23. On the upside, there is a resistance level at 12.82. A further resistance level may holdings at 13.10. The Relative Strength Index (RSI) on the 14-day chart is 59.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 29.77%. Stochastics %K at 81.47% indicates the stock is a selling.
How much short interest is there in BrightSpring Health Services Inc?
A steep rise in short interest was recorded in BrightSpring Health Services Inc stocks on 2024-08-15, dropping by -0.9 million shares to a total of 8.97 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 9.86 million shares. There was a decline of -9.98%, which implies that there is a negative sentiment for the stock.
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.
