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. Bread Financial Holdings Inc shares valued at $99,644 were purchased by Fawcett John J. on Aug 12 ’24. At $49.82 per share, Fawcett John J. acquired 2,000 shares. The insider’s holdings grew to 5,473 shares worth approximately $0.28 million following the completion of this transaction.
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Also, Turtle Creek Asset Management sold 45,000 shares, netting a total of over 1,605,247 in proceeds. Following the sale of shares at $35.67 each, the insider now holds 293,092 shares.
Before that, Turtle Creek Asset Management had sold 30,000 shares from its account. In a trade valued at $1,065,834, the 10% Owner traded Bread Financial Holdings Inc shares for $35.53 each. Upon closing the transaction, the insider’s holdings decreased to 30,000 shares, worth approximately $15.09 million.
As published in a research note from BofA Securities on August 09, 2024, Bread Financial Holdings Inc [BFH] has been rated up from a Neutral to a Buy and the price target has been revised to $54. Analysts at Compass Point started covering the stock with ‘”a Buy”‘ outlook in a report released in mid July. As of June 20, 2024, Evercore ISI has increased its “an Underperform” rating to a “an In-line” for BFH. Earlier on June 07, 2024, BTIG Research initiated its rating. Their recommendation was “a Neutral” for BFH stock.
Analyzing BFH Stock Performance
During the last five days, there has been a drop of approximately -3.99%. Over the course of the year, Bread Financial Holdings Inc shares have jumped approximately 54.86%. Nevertheless, trading volume fell to 1.02 million shares from 0.56 million shares the previous day.
Support And Resistance Levels for Bread Financial Holdings Inc (BFH)
RSI (Relative Strength Index) is 52.73 on the 14-day chart, showing neutral technical sentiment.