Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Bread Financial Holdings Inc shares valued at $51,020 were purchased by Fawcett John J. on Oct 28 ’24. At $51.02 per share, Fawcett John J. acquired 1,000 shares. The insider’s holdings grew to 6,473 shares worth approximately $0.32 million following the completion of this transaction.
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Also, Fawcett John J. purchased 2,000 shares, netting a total of over 99,644 in proceeds. Following the buying of shares at $49.82 each, the insider now holds 5,473 shares.
Before that, Turtle Creek Asset Management had sold 45,000 shares from its account. In a trade valued at $1,605,247, the 10% Owner traded Bread Financial Holdings Inc shares for $35.67 each. Upon closing the transaction, the insider’s holdings decreased to 45,000 shares, worth approximately $14.61 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 -0.42%. Over the course of the year, Bread Financial Holdings Inc shares have jumped approximately 51.34%. Shares of the company reached a 52-week high of $59.66 on 08/30/24 and a 52-week low of $28.00 on 01/25/24. A 50-day SMA is recorded $51.24, while a 200-day SMA reached $43.44. Nevertheless, trading volume fell to 0.52 million shares from 0.43 million shares the previous day.
Support And Resistance Levels for Bread Financial Holdings Inc (BFH)
According to the 24-hour chart, there is a support level at 49.09, which, if violated, would cause prices to drop to 48.34. In the upper region, resistance lies at 51.24. The next price resistance is at 52.64. RSI (Relative Strength Index) is 48.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.59, which suggests the price will decrease in the coming days. Percent R is at 79.40%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
