Look For Institutional Buying In Brookdale Senior Living Inc (NYSE: BKD)

Brookdale Senior Living Inc (BKD) concluded trading on Wednesday at a closing price of $5.82, with 4.95 million shares of worth about $28.81 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -18.60% during that period and on Wednesday the price saw a loss of about -1.19%. Currently the company’s common shares owned by public are about 200.02M shares, out of which, 176.00M shares are available for trading.

Stock saw a price change of 6.99% in past 5 days and over the past one month there was a price change of 14.57%. Year-to-date (YTD), BKD shares are showing a performance of 15.71% which increased to 10.23% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.45 but also hit the highest price of $8.12 during that period. The average intraday trading volume for Brookdale Senior Living Inc shares is 2.07 million. The stock is currently trading 15.27% above its 20-day simple moving average (SMA20), while that difference is up 15.60% for SMA50 and it goes to -6.45% lower than SMA200.

Brookdale Senior Living Inc (NYSE: BKD) currently have 200.02M outstanding shares and institutions hold larger chunk of about 97.55% of that.

The stock has a current market capitalization of $1.17B and its 3Y-monthly beta is at 1.31. It has posted earnings per share of -$0.89 in the same period. It has a debt-to-equity ratio of 26.60. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BKD, volatility over the week remained 4.57% while standing at 4.67% over the month.

Stock’s fiscal year EPS is expected to rise by 34.46% while it is estimated to increase by 19.43% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Jefferies on October 16, 2024 offering a Buy rating for the stock and assigned a target price of $8 to it. Coverage by BofA Securities stated Brookdale Senior Living Inc (BKD) stock as an Underperform in their note to investors on October 07, 2024, suggesting a price target of $6 for the stock. On June 28, 2024, Macquarie Initiated their recommendations, while on December 15, 2023, BofA Securities Upgrade their ratings for the stock with a price target of $6. Stock get an Outperform rating from RBC Capital Mkts on November 17, 2023.

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