Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. BrightView Holdings Inc shares valued at $218,400,000 were sold by KKR Group Partnership L.P. on May 23 ’24. At $12.48 per share, KKR Group Partnership L.P. sold 17,500,000 shares. The insider’s holdings dropped to 33,133,123 shares worth approximately $604.35 million following the completion of this transaction.
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Also, KKR BrightView Aggregator L.P. sold 17,500,000 shares, netting a total of over 218,400,000 in proceeds. Following the sale of shares at $12.48 each, the insider now holds 33,133,123 shares.
Before that, DONNELLY THOMAS C had added 1,000 shares to its account. In a trade valued at $7,670, the President, Landscape Dev. bought BrightView Holdings Inc shares for $7.67 each. Upon closing the transaction, the insider’s holdings increased to 1,000 shares, worth approximately $4.15 million.
As published in their initiating research note from Morgan Stanley on August 22, 2024, BrightView Holdings Inc [BV] has been an Equal-weight and the price target has been revised to $16. Analysts at Jefferies upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late August. As of July 30, 2024, Robert W. Baird has increased its “Neutral” rating to a “an Outperform” for BV. Earlier on July 30, 2024, Loop Capital initiated its rating. Their recommendation was “a Buy” for BV stock.
Analyzing BV Stock Performance
During the last five days, there has been a surge of approximately 9.35%. Over the course of the year, BrightView Holdings Inc shares have jumped approximately 116.63%. Shares of the company reached a 52-week high of $18.27 on 11/06/24 and a 52-week low of $7.75 on 01/08/24. A 50-day SMA is recorded $15.92, while a 200-day SMA reached $13.02. Nevertheless, trading volume fell to 0.68 million shares from 0.31 million shares the previous day.
Support And Resistance Levels for BrightView Holdings Inc (BV)
According to the 24-hour chart, there is a support level at 17.78, which, if violated, would cause prices to drop to 17.33. In the upper region, resistance lies at 18.48. The next price resistance is at 18.73. RSI (Relative Strength Index) is 73.60 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.80, which suggests the price will decrease in the coming days. Percent R is at 1.28%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
