Brighthouse Financial Inc’s filing revealed that its EVP,Chief Mktg.& Dist. Officer Lambert Myles unloaded Company’s shares for reported $0.43 million on Dec 03 ’24. In the deal valued at $51.70 per share,8,400 shares were sold. As a result of this transaction, Lambert Myles now holds 33,407 shares worth roughly $1.7 million.
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Then, Rosenthal John sold 10,000 shares, generating $523,100 in total proceeds. Upon selling the shares at $52.31, the EVP & Chief Investment Officer now owns 76,262 shares.
Before that, Huss Vonda sold 3,000 shares. Brighthouse Financial Inc shares valued at $156,630 were divested by the EVP & Chief HR Officer at a price of $52.21 per share. As a result of the transaction, Huss Vonda now holds 16,848 shares, worth roughly $0.86 million.
Barclays initiated its Brighthouse Financial Inc [BHF] rating to an Equal weight in a research note published on September 05, 2024; the price target was $48. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in mid August from “an Equal weight” to “an Underweight”. Jefferies also remained covering BHF and has increased its forecast on July 10, 2024 with a “Buy” recommendation from previously “Hold” rating. Keefe Bruyette revised its rating on June 17, 2024. It rated BHF as “a Mkt perform” which previously was an “an Underperform”.
Price Performance Review of BHF
On Tuesday, Brighthouse Financial Inc [NASDAQ:BHF] saw its stock fall -3.02% to $50.80. Over the last five days, the stock has lost -3.82%. Brighthouse Financial Inc shares have fallen nearly -4.01% since the year began. Nevertheless, the stocks have fallen -3.44% over the past one year. While a 52-week high of $56.24 was reached on 02/12/24, a 52-week low of $40.00 was recorded on 09/11/24. SMA at 50 days reached $48.43, while 200 days put it at $46.57.
Levels Of Support And Resistance For BHF Stock
The 24-hour chart illustrates a support level at 49.96, which if violated will result in even more drops to 49.13. On the upside, there is a resistance level at 52.14. A further resistance level may holdings at 53.49. The Relative Strength Index (RSI) on the 14-day chart is 51.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.98%. Stochastics %K at 60.11% indicates the stock is a holding.
How much short interest is there in Brighthouse Financial Inc?
A steep rise in short interest was recorded in Brighthouse Financial Inc stocks on 2024-11-15, growing by 0.3 million shares to a total of 1.19 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 0.9 million shares. There was a rise of 24.93%, which implies that there is a positive sentiment for the stock.
