Selling Buzz: Boston Properties Inc. [BXP] Senior EVP RITCHEY RAYMOND A sells 22,472 shares of the company

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Boston Properties Inc. shares valued at $2,021,673 were sold by RITCHEY RAYMOND A on Aug 12. At $89.96 per share, RITCHEY RAYMOND A sold 22,472 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.

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Also, RITCHEY RAYMOND A sold 21,102 shares, netting a total of over 2,543,120 in proceeds. Following the sale of shares at $120.52 each, the insider now holds 0 shares.

Before that, LINDE DOUGLAS T had sold 34,476 shares from its account. In a trade valued at $4,088,226, the President traded Boston Properties Inc. shares for $118.58 each. Upon closing the transaction, the insider’s holdings decreased to 34,476 shares, worth approximately $14.07 million.

As published in a research note from Scotiabank on September 22, 2022, Boston Properties Inc. [BXP] has been rated up from a Sector perform to a Sector outperform and the price target has been revised to $94 from $102. This represents a 17.19% premium over Thursday’s closing price. Analysts at Evercore ISI upgraded the stock from ‘”an In-line”‘ to ‘”an Outperform”‘ outlook in a report released in late September. As of August 04, 2022, SMBC Nikko has decreased its “an Outperform” rating to a “Neutral” for BXP. Earlier on July 28, 2022, Piper Sandler downgraded its rating. Their new recommendation was “a Neutral” for BXP stock which previously was a “an Overweight”.

Analyzing BXP’s Price Performance

On Thursday, Boston Properties Inc. [NYSE: BXP] rose 0.48% to $77.84. The stock’s lowest price that day was $75.9098, but it reached a high of $78.35 in the same session. During the last five days, there has been a drop of approximately -5.96%. Over the course of the year, Boston Properties Inc. shares have dropped approximately -32.42%. Shares of the company reached a 52-week high of $133.11 on 03/29/22 and a 52-week low of $75.91 on 09/22/22. A 50-day SMA is recorded $85.49, while a 200-day SMA reached $107.15. Nevertheless, trading volume fell to 1.56 million shares from 1.32 million shares the previous day.

Support And Resistance Levels for Boston Properties Inc. (BXP)

According to the 24-hour chart, there is a support level at 76.38, which, if violated, would cause prices to drop to 74.93. In the upper region, resistance lies at 78.82. The next price resistance is at 79.81. RSI (Relative Strength Index) is 33.76 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.17, which suggests the price will decrease in the coming days. Percent R is at 83.50%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Boston Properties Inc. subject to short interest?

Stocks of Boston Properties Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -1.48 million shares to 5.04 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 6.52 million shares. A decline of -29.37% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.01 of the overall float, the days-to-cover ratio (short ratio) decline to 4.01.

Which companies own the most shares of Boston Properties Inc. (BXP)?

According to The Vanguard Group, Inc. filings, the company currently owns 22,709,066 shares, which is about 14.49% of the total BXP shares outstanding. The investor’s shares have appreciated by 52,736 from its previous 13-F filing of 22656330.0 shares. SSgA Funds Management, Inc. reduced a -0.03% interest valued at $875.62 million while TCI Fund Management Ltd. sold a -1,146,700 stake. A total of 14,250 shares of Boston Properties Inc. were sold by BlackRock Fund Advisors during the quarter, and -136,223 were sold by APG Asset Management US, Inc.. In its current portfolio, JPMorgan Investment Management, I holds 5,403,142 shares valued at $429.17 million.


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