In yesterday’s Wall Street session, Brookdale Senior Living Inc (NYSE:BKD) shares traded at $5.68, down -4.54% from the previous session.
BKD stock price is now -17.36% away from the 50-day moving average and -13.34% away from the 200-day moving average. The market capitalization of the company currently stands at $1.12B.
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With the price target reduced from $7.75 to $6, BofA Securities Downgraded its rating from Neutral to Underperform for Brookdale Senior Living Inc (NYSE: BKD). On June 28, 2024, Macquarie recently initiated its ‘Outperform’ rating on the stock quoting a target price of $7.50, while ‘BofA Securities’ rates the stock as ‘Neutral’
In other news, Marcus Bromley, Director bought 14,135 shares of the company’s stock on Aug 28 ’24. The stock was bought for $104,599 at an average price of $7.40. An SEC document containing details of the transaction can be found on the SEC’s website. On May 15 ’24, Director BROMLEY MARCUS E sold 3,300 shares of the business’s stock. A total of $23,925 was realized by selling the stock at an average price of $7.25. This leaves the insider owning 146,152 shares of the company worth $0.83 million. A total of 11.77% of the company’s stock is owned by insiders.
During the past 12 months, Brookdale Senior Living Inc has had a low of $3.64 and a high of $8.12. The fifty day moving average price for BKD is $6.8734 and a two-hundred day moving average price translates $6.55455 for the stock.
The latest earnings results from Brookdale Senior Living Inc (NYSE: BKD) was released for 2024-06-30. The net profit margin was -6.75% and return on equity was -47.21% for BKD. The company reported revenue of $777.54 million for the quarter, compared to $750.79 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.56 percent.
