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Bright Horizons Family Solutions, Inc (BFAM) may enjoy gains as insiders got busy in the recent days

Bright Horizons Family Solutions, Inc’s recent filing unveils that its COO North America Center Ops Burke Mary Lou unloaded Company’s shares for reported $0.1 million on Nov 05 ’24. In the deal valued at $128.84 per share,800 shares were sold. As a result of this transaction, Burke Mary Lou now holds 30,225 shares worth roughly $3.14 million.

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Then, MARY LOU BURKE bought 800 shares, generating $103,072 in total proceeds.

Before that, Burke Mary Lou sold 800 shares. Bright Horizons Family Solutions, Inc shares valued at $109,552 were divested by the COO North America Center Ops at a price of $136.94 per share. As a result of the transaction, Burke Mary Lou now holds 31,025 shares, worth roughly $3.23 million.

Barclays upgraded its Bright Horizons Family Solutions, Inc [BFAM] rating to an Overweight from a an Equal weight in a research note published on February 28, 2024; the price target was increased to $125 from $100. A number of analysts have revised their coverage, including UBS’s analysts, who increased its forecast for the stock in late October from “a Sell” to “a Neutral”. BMO Capital Markets also remained covering BFAM and has decreased its forecast on July 17, 2023 with a “Market perform” recommendation from previously “an Outperform” rating. UBS started covering the stock on June 01, 2023. It rated BFAM as “a Sell”.

Price Performance Review of BFAM

On Friday, Bright Horizons Family Solutions, Inc [NYSE:BFAM] saw its stock fall -2.84% to $104.00. Over the last five days, the stock has lost -10.45%. Bright Horizons Family Solutions, Inc shares have risen nearly 10.36% since the year began. Nevertheless, the stocks have risen 19.43% over the past one year. While a 52-week high of $141.90 was reached on 09/05/24, a 52-week low of $85.95 was recorded on 01/03/24. SMA at 50 days reached $131.46, while 200 days put it at $118.63.

Levels Of Support And Resistance For BFAM Stock

The 24-hour chart illustrates a support level at 102.87, which if violated will result in even more drops to 101.73. On the upside, there is a resistance level at 106.02. A further resistance level may holdings at 108.03. The Relative Strength Index (RSI) on the 14-day chart is 13.27, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -12.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.22%. Stochastics %K at 1.65% indicates the stock is a buying.

How much short interest is there in Bright Horizons Family Solutions, Inc?

A steep rise in short interest was recorded in Bright Horizons Family Solutions, Inc stocks on 2024-10-31, growing by 0.13 million shares to a total of 0.54 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 0.41 million shares. There was a rise of 24.19%, which implies that there is a positive sentiment for the stock.

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