The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Bridge Investment Group Holdings Inc shares valued at $3,213 were sold by Elsnab Katherine on Jul 22 ’24. At $8.26 per share, Elsnab Katherine sold 389 shares. The insider’s holdings dropped to 212,776 shares worth approximately $2.19 million following the completion of this transaction.
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Also, Elsnab Katherine sold 391 shares, netting a total of over 3,140 in proceeds. Following the sale of shares at $8.03 each, the insider now holds 212,015 shares.
Before that, Elsnab Katherine had sold 370 shares from its account. In a trade valued at $3,030, the Chief Financial Officer traded Bridge Investment Group Holdings Inc shares for $8.19 each. Upon closing the transaction, the insider’s holdings decreased to 370 shares, worth approximately $2.19 million.
As published in their initiating research note from Wells Fargo on September 12, 2024, Bridge Investment Group Holdings Inc [BRDG] has been an Overweight and the price target has been revised to $11. Analysts at TD Cowen started covering the stock with ‘”an Outperform”‘ outlook in a report released in early January. As of January 05, 2023, Piper Sandler has initiated its “an Overweight” rating for BRDG. Earlier on October 19, 2022, Credit Suisse initiated its rating. Their recommendation was “a Neutral” for BRDG stock.
Analyzing BRDG Stock Performance
During the last five days, there has been a surge of approximately 4.36%. Over the course of the year, Bridge Investment Group Holdings Inc shares have jumped approximately 5.21%. Shares of the company reached a 52-week high of $10.29 on 10/10/24 and a 52-week low of $6.18 on 03/15/24. A 50-day SMA is recorded $8.55, while a 200-day SMA reached $8.00. Nevertheless, trading volume fell to 0.62 million shares from 0.24 million shares the previous day.
Support And Resistance Levels for Bridge Investment Group Holdings Inc (BRDG)
According to the 24-hour chart, there is a support level at 9.96, which, if violated, would cause prices to drop to 9.62. In the upper region, resistance lies at 10.46. The next price resistance is at 10.62. RSI (Relative Strength Index) is 73.48 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.09, which suggests the price will decrease in the coming days. Percent R is at 0.00%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
