Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Brighthouse Financial Inc shares valued at $610,000 were sold by Rosenthal John on Jan 31 ’25. At $61.00 per share, Rosenthal John sold 10,000 shares. The insider’s holdings dropped to 66,262 shares worth approximately $3.89 million following the completion of this transaction.
Also, Rosenthal John purchased 10,000 shares, netting a total of over 610,000 in proceeds.
Before that, Lambert Myles had sold 8,400 shares from its account. In a trade valued at $434,307, the EVP,Chief Mktg.& Dist. Officer traded Brighthouse Financial Inc shares for $51.70 each. Upon closing the transaction, the insider’s holdings decreased to 8,400 shares, worth approximately $1.96 million.
As published in a research note from Jefferies on February 03, 2025, Brighthouse Financial Inc [BHF] has been rated down from a Buy to a Hold and the price target has been revised to $64. Analysts at Barclays upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in late January. As of September 05, 2024, Barclays has initiated its “an Equal weight” rating for BHF. Earlier on August 12, 2024, Wells Fargo downgraded its rating. Their new recommendation was “an Underweight” for BHF stock which previously was a “an Equal weight”.
Analyzing BHF Stock Performance
During the last five days, there has been a drop of approximately -1.09%. Over the course of the year, Brighthouse Financial Inc shares have jumped approximately 22.27%. Shares of the company reached a 52-week high of $64.00 on 01/28/25 and a 52-week low of $45.42 on 01/13/25. A 50-day SMA is recorded $51.83, while a 200-day SMA reached $47.42. Nevertheless, trading volume fell to 0.84 million shares from 1.39 million shares the previous day.
Support And Resistance Levels for Brighthouse Financial Inc (BHF)
According to the 24-hour chart, there is a support level at 57.96, which, if violated, would cause prices to drop to 57.17. In the upper region, resistance lies at 59.36. The next price resistance is at 59.98. RSI (Relative Strength Index) is 63.73 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.56, which suggests the price will decrease in the coming days. Percent R is at 39.27%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
