Brookdale Senior Living (BKD) has risen sharply, recording gains of 4.25% in the past 4 weeks. However, the stock has corrected -7.09% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.72% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Brookdale Senior Living (NYSE:BKD): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $17.03 and $16.96 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $17.25. The buying momentum continued till the end and the stock did not give up its gains. It closed at $17.16, notching a gain of 1.24% for the day. The total traded volume was 2,707,315 . The stock had closed at $16.95 on the previous day.
The stock has recorded a 20-day Moving Average of 1.61% and the 50-Day Moving Average is 1.18%. Brookdale Senior Living Inc. has dropped 5.35% during the last 3-month period . Year-to-Date the stock performance stands at -7.04%.
Brookdale Senior Living (BKD) stock is expected to deviate a maximum of $4.11 from the average target price of $23.75 for the short term period. 4 Street Experts have initiated coverage on the stock with the most promising target being $29 and the most muted being $20.
Brookdale Senior Living Inc. operates senior living communities in the United States. The Company operates independent, assisted living and dementia-care communities, and continuing care retirement centers (CCRCs). The Company has five operating segments: Retirement Centers; Assisted Living; CCRCs – Rental; Brookdale Ancillary Services, and Management Services. The Companys Retirement Centers segment provides senior independent and assisted living services in its retirement center communities. The Companys Assisted Living segment offers housing and assisted living services to mid-acuity frail and elderly residents. The Companys CCRCs – Rental segment provides living arrangements and services for various types of health. The Brookdale Ancillary Services segment provides home health, therapy and other ancillary services, and education and wellness programs. The Management Services segment operates communities owned by third parties or by the Companys unconsolidated ventures.