BrightSpring Health Services Inc’s recent filing unveils that its 10% Owner Walgreens Boots Alliance, Inc. unloaded Company’s shares for reported $129.33 million on Sep 11 ’24. In the deal valued at $11.13 per share,11,619,998 shares were sold. As a result of this transaction, Walgreens Boots Alliance, Inc. now holds 23,239,996 shares worth roughly $404.38 million.
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Then, KKR Group Partnership L.P. bought 11,619,998 shares, generating $129,330,578 in total proceeds. Upon buying the shares at $11.13, the 10% Owner now owns 92,959,984 shares.
Before that, KKR Phoenix Aggregator L.P. bought 11,619,998 shares. BrightSpring Health Services Inc shares valued at $129,330,578 were divested by the 10% Owner at a price of $11.13 per share. As a result of the transaction, KKR Phoenix Aggregator L.P. now holds 92,959,984 shares, worth roughly $1.62 billion.
CJS Securities initiated its BrightSpring Health Services Inc [BTSG] rating to a Market outperform in a research note published recently. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who began to cover the stock in mid October with a ‘”a Sector weight”‘ rating. BTIG Research began covering BTSG with “Buy” recommendation on June 21, 2024. HSBC Securities started covering the stock on March 06, 2024. It rated BTSG as “a Buy”.
Price Performance Review of BTSG
On Monday, BrightSpring Health Services Inc [NASDAQ:BTSG] saw its stock jump 0.75% to $17.40. Over the last five days, the stock has lost -7.84%. BrightSpring Health Services Inc shares have risen nearly 58.18% since the year began. SMA at 50 days reached $17.73, while 200 days put it at $13.20.
Levels Of Support And Resistance For BTSG Stock
The 24-hour chart illustrates a support level at 17.09, which if violated will result in even more drops to 16.78. On the upside, there is a resistance level at 17.61. A further resistance level may holdings at 17.82. The Relative Strength Index (RSI) on the 14-day chart is 42.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.82, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.74%. Stochastics %K at 18.60% indicates the stock is a buying.
How much short interest is there in BrightSpring Health Services Inc?
A steep rise in short interest was recorded in BrightSpring Health Services Inc stocks on 2024-11-29, growing by 0.7 million shares to a total of 6.91 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 6.21 million shares. There was a rise of 10.17%, which implies that there is a positive sentiment for the stock.
