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Potential Price Increase for BrightView Holdings Inc (BV) After Recent Insider Activity

BrightView Holdings Inc’s filing revealed that its EVP, CLO & Corporate Secretary Gottsegen Jonathan Mark unloaded Company’s shares for reported $0.29 million on Nov 19 ’24. In the deal valued at $15.56 per share,18,398 shares were sold. As a result of this transaction, Gottsegen Jonathan Mark now holds 103,644 shares worth roughly $1.77 million.

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Then, Gottsegen Jonathan Mark sold 29,658 shares, generating $476,307 in total proceeds. Upon selling the shares at $16.06, the EVP, CLO & Corporate Secretary now owns 100,354 shares.

Before that, Gottsegen Jonathan Mark bought 18,398 shares. BrightView Holdings Inc shares valued at $286,258 were divested by the Officer at a price of $15.56 per share.

William Blair upgraded its BrightView Holdings Inc [BV] rating to an Outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in late August with a ‘”an Equal-weight”‘ rating. Jefferies also remained covering BV and has increased its forecast on August 21, 2024 with a “Buy” recommendation from previously “Hold” rating. Robert W. Baird revised its rating on July 30, 2024. It rated BV as “an Outperform” which previously was an “a Neutral”.

Price Performance Review of BV

On Monday, BrightView Holdings Inc [NYSE:BV] saw its stock jump 0.47% to $17.11. Over the last five days, the stock has gained 9.40%. BrightView Holdings Inc shares have risen nearly 103.21% since the year began. Nevertheless, the stocks have risen 128.74% over the past one year. While a 52-week high of $18.89 was reached on 11/11/24, a 52-week low of $7.29 was recorded on 01/08/24. SMA at 50 days reached $16.39, while 200 days put it at $13.56.

Levels Of Support And Resistance For BV Stock

The 24-hour chart illustrates a support level at 16.91, which if violated will result in even more drops to 16.70. On the upside, there is a resistance level at 17.48. A further resistance level may holdings at 17.84. The Relative Strength Index (RSI) on the 14-day chart is 54.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.76%. Stochastics %K at 49.70% indicates the stock is a holding.

How much short interest is there in BrightView Holdings Inc?

A steep rise in short interest was recorded in BrightView Holdings Inc stocks on 2024-10-31, dropping by -0.56 million shares to a total of 4.96 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 5.51 million shares. There was a decline of -11.2%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on July 30, 2024 when Loop Capital began covering the stock and recommended ‘”a Buy”‘ rating along with a $18 price target.

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