Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. BrightSpring Health Services Inc shares valued at $129,330,578 were sold by Walgreens Boots Alliance, Inc. on Sep 11 ’24. At $11.13 per share, Walgreens Boots Alliance, Inc. sold 11,619,998 shares. The insider’s holdings dropped to 23,239,996 shares worth approximately $416.93 million following the completion of this transaction.
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Also, KKR Group Partnership L.P. purchased 11,619,998 shares, netting a total of over 129,330,578 in proceeds. Following the buying of shares at $11.13 each, the insider now holds 92,959,984 shares.
Before that, KKR Phoenix Aggregator L.P. had added 11,619,998 shares to its account. In a trade valued at $129,330,578, the 10% Owner bought BrightSpring Health Services Inc shares for $11.13 each. Upon closing the transaction, the insider’s holdings increased to 11,619,998 shares, worth approximately $1.67 billion.
As published in their initiating research note from CJS Securities on December 12, 2024, BrightSpring Health Services Inc [BTSG] has been a Market outperform. Analysts at KeyBanc Capital Markets started covering the stock with ‘”a Sector weight”‘ outlook in a report released in mid October. As of June 21, 2024, BTIG Research has initiated its “Buy” rating for BTSG. Earlier on March 06, 2024, HSBC Securities initiated its rating. Their recommendation was “a Buy” for BTSG stock.
Analyzing BTSG Stock Performance
During the last five days, there has been a drop of approximately -3.08%. Over the course of the year, BrightSpring Health Services Inc shares have jumped approximately 63.09%. A 50-day SMA is recorded $17.33, while a 200-day SMA reached $12.90. Nevertheless, trading volume fell to 0.88 million shares from 1.13 million shares the previous day.
Support And Resistance Levels for BrightSpring Health Services Inc (BTSG)
According to the 24-hour chart, there is a support level at 17.64, which, if violated, would cause prices to drop to 17.34. In the upper region, resistance lies at 18.40. The next price resistance is at 18.86. RSI (Relative Strength Index) is 46.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.45, which suggests the price will decrease in the coming days. Percent R is at 91.48%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
