BrightSpring Health Services Inc’s filing revealed that its Former 10% owner Walgreens Boots Alliance, Inc. unloaded Company’s shares for reported $253.92 million on Feb 18 ’25. In the deal valued at $21.16 per share,12,000,000 shares were sold. As a result of this transaction, Walgreens Boots Alliance, Inc. now holds 11,239,996 shares worth roughly $202.66 million.
Then, Walgreen Co. bought 12,000,000 shares, generating $265,800,000 in total proceeds.
Before that, Walgreens Boots Alliance, Inc. sold 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, Walgreens Boots Alliance, Inc. now holds 23,239,996 shares, worth roughly $419.02 million.
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 Friday, BrightSpring Health Services Inc [NASDAQ:BTSG] saw its stock fall -2.06% to $18.03. Over the last five days, the stock has lost -0.11%. BrightSpring Health Services Inc shares have risen nearly 5.87% since the year began. Nevertheless, the stocks have risen 82.86% over the past one year. While a 52-week high of $24.82 was reached on 01/30/25, a 52-week low of $9.98 was recorded on 01/10/25. SMA at 50 days reached $20.06, while 200 days put it at $16.04.
Levels Of Support And Resistance For BTSG Stock
The 24-hour chart illustrates a support level at 17.77, which if violated will result in even more drops to 17.50. On the upside, there is a resistance level at 18.34. A further resistance level may holdings at 18.64. The Relative Strength Index (RSI) on the 14-day chart is 44.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 32.22%. Stochastics %K at 77.23% indicates the stock is a holding.
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 2025-03-14, dropping by -1.5 million shares to a total of 8.53 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 10.02 million shares. There was a decline of -17.56%, which implies that there is a negative sentiment for the stock.
