Brighthouse Financial Inc’s recent filing unveils that its EVP & Chief Investment Officer Rosenthal John unloaded Company’s shares for reported $0.2 million on Oct 11 ’24. In the deal valued at $46.04 per share,4,265 shares were sold. As a result of this transaction, Rosenthal John now holds 86,262 shares worth roughly $4.18 million.
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Then, Rosenthal John sold 5,000 shares, generating $226,100 in total proceeds. Upon selling the shares at $45.22, the EVP & Chief Investment Officer now owns 91,262 shares.
Before that, Rosenthal John sold 735 shares. Brighthouse Financial Inc shares valued at $33,817 were divested by the EVP & Chief Investment Officer at a price of $46.01 per share. As a result of the transaction, Rosenthal John now holds 90,527 shares, worth roughly $4.39 million.
Barclays initiated its Brighthouse Financial Inc [BHF] rating to an Equal weight in a research note published on September 05, 2024; the price target was $48. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in mid August from “an Equal weight” to “an Underweight”. Jefferies also remained covering BHF and has increased its forecast on July 10, 2024 with a “Buy” recommendation from previously “Hold” rating. Keefe Bruyette revised its rating on June 17, 2024. It rated BHF as “a Mkt perform” which previously was an “an Underperform”.
Price Performance Review of BHF
On Monday, Brighthouse Financial Inc [NASDAQ:BHF] saw its stock fall -1.30% to $48.51. Over the last five days, the stock has gained 4.14%. Brighthouse Financial Inc shares have fallen nearly -8.33% since the year began. Nevertheless, the stocks have risen 1.00% over the past one year. While a 52-week high of $56.24 was reached on 02/12/24, a 52-week low of $40.00 was recorded on 09/11/24. SMA at 50 days reached $44.39, while 200 days put it at $46.73.
Levels Of Support And Resistance For BHF Stock
The 24-hour chart illustrates a support level at 48.15, which if violated will result in even more drops to 47.78. On the upside, there is a resistance level at 49.12. A further resistance level may holdings at 49.72. The Relative Strength Index (RSI) on the 14-day chart is 67.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.54, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 14.38%. Stochastics %K at 93.68% indicates the stock is a selling.
How much short interest is there in Brighthouse Financial Inc?
A steep rise in short interest was recorded in Brighthouse Financial Inc stocks on 2024-09-30, dropping by -0.16 million shares to a total of 0.95 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 1.11 million shares. There was a decline of -16.6%, which implies that there is a negative sentiment for the stock.
