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. Bright Horizons Family Solutions, Inc shares valued at $103,072 were sold by Burke Mary Lou on Nov 05 ’24. At $128.84 per share, Burke Mary Lou sold 800 shares. The insider’s holdings dropped to 30,225 shares worth approximately $3.36 million following the completion of this transaction.
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Also, MARY LOU BURKE purchased 800 shares, netting a total of over 103,072 in proceeds.
Before that, Burke Mary Lou had sold 800 shares from its account. In a trade valued at $109,552, the COO North America Center Ops traded Bright Horizons Family Solutions, Inc shares for $136.94 each. Upon closing the transaction, the insider’s holdings decreased to 800 shares, worth approximately $3.45 million.
As published in a research note from Barclays on February 28, 2024, Bright Horizons Family Solutions, Inc [BFAM] has been rated up from an Equal weight to an Overweight and the price target has been revised to $125 from $100. Analysts at UBS upgraded the stock from ‘”a Sell”‘ to ‘”a Neutral”‘ outlook in a report released in late October. As of July 17, 2023, BMO Capital Markets has decreased its “an Outperform” rating to a “Market perform” for BFAM. Earlier on June 01, 2023, UBS initiated its rating. Their recommendation was “a Sell” for BFAM stock.
Analyzing BFAM Stock Performance
During the last five days, there has been a drop of approximately -4.51%. Over the course of the year, Bright Horizons Family Solutions, Inc shares have jumped approximately 17.93%. Shares of the company reached a 52-week high of $141.90 on 09/05/24 and a 52-week low of $91.61 on 01/03/24. A 50-day SMA is recorded $132.81, while a 200-day SMA reached $118.57. Nevertheless, trading volume fell to 0.6 million shares from 0.73 million shares the previous day.
Support And Resistance Levels for Bright Horizons Family Solutions, Inc (BFAM)
According to the 24-hour chart, there is a support level at 110.39, which, if violated, would cause prices to drop to 109.65. In the upper region, resistance lies at 112.04. The next price resistance is at 112.95. RSI (Relative Strength Index) is 17.63 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -11.14, which suggests the price will decrease in the coming days. Percent R is at 97.66%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
