The child-care provider crashes after losing 2.42%, down to $76.93.
Bright Horizons Family Solutions is currently trading at $76.93 following the release of Existing Home Sales (Mar) data from the United States.
Following a previous reading of 240,000, Initial Jobless Claims in United States released today at 12:30 UTC fell short of the 240,000 figure expected by analysts with an actual reading of 245,000.
Meanwhile, United States Existing Home Sales (Mar) released today at 14:00 UTC with a figure of 4.44 million, while the previous figure was 4.55 million. United States Philadelphia Fed Manufacturing Index (Apr) came out at -31.3, while a consensus of analysts was expecting -19.2.
Bright Horizons Family Solutions Inc. could begin to recover as it approaches significant support, now 5 cents away from $76.88. Dipping below could be an indication that further losses are ahead. Despite being in the red so far in the current trading session, Bright Horizons Family Solutions peaked above its 50 day Simple Moving Average around $78.13 — typically an early indicator of a new bullish trend beginning to emerge.
Overall, looking at the technical analysis landscape, it seems Bright Horizons Family Solutions might start pointing upward in the short term.
Bright Horizons Family Solutions's stock value drop coincides with Tesla is down to $165.78, losing 8.2%, after ending yesterday at $180.59. Toyota is down to $133.91, losing 1%, after ending yesterday at $135.26.
Positive performances can be seen by looking at other consumer discretionary stocks as Lowe's gained 1.23%, currently at $211.39.
The child-care provider has fallen back around 40.71% over the past a year, from a notable high of $132.98.