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. Brighthouse Financial Inc shares valued at $196,361 were sold by Rosenthal John on Oct 11 ’24. At $46.04 per share, Rosenthal John sold 4,265 shares. The insider’s holdings dropped to 86,262 shares worth approximately $4.56 million following the completion of this transaction.
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Also, Rosenthal John sold 5,000 shares, netting a total of over 226,100 in proceeds. Following the sale of shares at $45.22 each, the insider now holds 91,262 shares.
Before that, Rosenthal John had sold 735 shares from its account. In a trade valued at $33,817, the EVP & Chief Investment Officer traded Brighthouse Financial Inc shares for $46.01 each. Upon closing the transaction, the insider’s holdings decreased to 735 shares, worth approximately $4.79 million.
As published in their initiating research note from Barclays on September 05, 2024, Brighthouse Financial Inc [BHF] has been an Equal weight and the price target has been revised to $48. Analysts at Wells Fargo downgraded the stock from ‘”an Equal weight”‘ to ‘”an Underweight”‘ outlook in a report released in mid August. As of July 10, 2024, Jefferies has increased its “Hold” rating to a “Buy” for BHF. Earlier on June 17, 2024, Keefe Bruyette upgraded its rating. Their new recommendation was “a Mkt perform” for BHF stock which previously was a “an Underperform”.
Analyzing BHF Stock Performance
During the last five days, there has been a surge of approximately 8.67%. Over the course of the year, Brighthouse Financial Inc shares have dropped approximately -0.02%. Shares of the company reached a 52-week high of $54.73 on 02/12/24 and a 52-week low of $40.00 on 09/11/24. A 50-day SMA is recorded $45.62, while a 200-day SMA reached $46.56. Nevertheless, trading volume fell to 0.78 million shares from 0.36 million shares the previous day.
Support And Resistance Levels for Brighthouse Financial Inc (BHF)
According to the 24-hour chart, there is a support level at 51.29, which, if violated, would cause prices to drop to 49.68. In the upper region, resistance lies at 53.73. The next price resistance is at 54.56. RSI (Relative Strength Index) is 71.95 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.70, which suggests the price will decrease in the coming days. Percent R is at 0.50%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
