In a filing, Brighthouse Financial Inc revealed its EVP & Chief Investment Officer Rosenthal John unloaded Company’s shares for reported $0.61 million on Jan 31 ’25. In the deal valued at $61.00 per share,10,000 shares were sold. As a result of this transaction, Rosenthal John now holds 66,262 shares worth roughly $ 4.12 million.
Then, Rosenthal John bought 10,000 shares, generating $610,000 in total proceeds.
Before that, Lambert Myles sold 8,400 shares. Brighthouse Financial Inc shares valued at $434,307 were divested by the EVP,Chief Mktg.& Dist. Officer at a price of $51.70 per share. As a result of the transaction, Lambert Myles now holds 33,407 shares, worth roughly $2.08 million.
Jefferies downgraded its Brighthouse Financial Inc [BHF] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who increased its forecast for the stock in late January from “an Equal weight” to “an Overweight”. Barclays began covering BHF with “an Equal weight” recommendation on September 05, 2024. Wells Fargo revised its rating on August 12, 2024. It rated BHF as “an Underweight” which previously was an “an Equal weight”.
Price Performance Review of BHF
On Friday, Brighthouse Financial Inc [NASDAQ:BHF] saw its stock jump 5.79% to $62.14. Over the last five days, the stock has gained 3.64%. Brighthouse Financial Inc shares have risen nearly 29.35% since the year began. Nevertheless, the stocks have risen 33.23% over the past one year. While a 52-week high of $64.00 was reached on 01/28/25, a 52-week low of $40.00 was recorded on 01/13/25. SMA at 50 days reached $52.02, while 200 days put it at $47.49.
Levels Of Support And Resistance For BHF Stock
The 24-hour chart illustrates a support level at 59.79, which if violated will result in even more drops to 57.44. On the upside, there is a resistance level at 63.53. A further resistance level may holdings at 64.92. The Relative Strength Index (RSI) on the 14-day chart is 72.14, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 14.22%. Stochastics %K at 69.59% 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 2025-01-31, dropping by -0.27 million shares to a total of 1.04 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 1.31 million shares. There was a decline of -25.85%, which implies that there is a negative sentiment for the stock.
