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Shares of BNFT Down 65.4% Since Downtrend Call on Shares

By David Diaz

SmarTrend identified a Downtrend for Benefitfocus Inc (NASDAQ:BNFT) on September 30th, 2019 at $23.73. In approximately 6 months, Benefitfocus Inc has returned 65.36% as of today's recent price of $8.22.

Benefitfocus Inc share prices have moved between a 52-week high of $50.78 and a 52-week low of $6.09 and are now trading 35% above that low price at $8.22 per share. Over the past week, the 200-day moving average (MA) has gone down 1.7% while the 50-day MA has declined 6.6%.

Benefitfocus, Inc. is a provider of cloud-based benefits software solutions for consumers, employers, insurance carriers, and brokers. The Company's platform provides an integrated suite of solutions that enables customers to more efficiently shop, enroll, manage, and exchange benefits information.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Benefitfocus Inc.

Log in and add Benefitfocus Inc (BNFT) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights benefitfocus inc

Ticker(s): BNFT