In a filing, Blueprint Medicines Corporation revealed its CHIEF EXECUTIVE OFFICER Haviland Kate acquired Company’s shares for reported $48378.0 on Nov 03. In the deal valued at $43.98 per share,1,100 shares were bought. As a result of this transaction, Haviland Kate now holds 92,281 shares worth roughly $ 3.95 million.
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Then, Rossi Christina sold 533 shares, generating $24,113 in total proceeds. Upon selling the shares at $45.24, the CHIEF OPERATING OFFICER now owns 43,435 shares.
Before that, Namouni Fouad sold 3,477 shares. Blueprint Medicines Corporation shares valued at $234,002 were divested by the PRESIDENT, R & D at a price of $67.30 per share. As a result of the transaction, Namouni Fouad now holds 52,797 shares, worth roughly $2.26 million.
Oppenheimer downgraded its Blueprint Medicines Corporation [BPMC] rating to a Perform from a an Outperform in a research note published on Monday. A number of analysts have revised their coverage, including Berenberg’s analysts, who began to cover the stock in mid September with a ‘”a Buy”‘ rating. Oppenheimer began covering BPMC with “an Outperform” recommendation on July 08, 2022. Wells Fargo started covering the stock on June 27, 2022. It rated BPMC as “an Underweight”.
Price Performance Review of BPMC
On Monday, Blueprint Medicines Corporation [NASDAQ:BPMC] saw its stock jump 1.78% to $42.77. On the same session, the stock had its day’s lowest price of $42.14, but rose to a high of $44.14. Over the last five days, the stock has lost -17.50%. Blueprint Medicines Corporation shares have fallen nearly -60.07% since the year began. Nevertheless, the stocks have fallen -62.65% over the past one year. While a 52-week high of $117.86 was reached on 01/03/22, a 52-week low of $41.30 was recorded on 11/04/22. SMA at 50 days reached $61.20, while 200 days put it at $61.84. A total of 0.89 million shares were traded, compared to the trading of 1.36 million shares in the previous session.
Levels Of Support And Resistance For BPMC Stock
The 24-hour chart illustrates a support level at 41.89, which if violated will result in even more drops to 41.02. On the upside, there is a resistance level at 43.89. A further resistance level may holdings at 45.02. The Relative Strength Index (RSI) on the 14-day chart is 27.41, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.25%. Stochastics %K at 5.79% indicates the stock is a buying.
How much short interest is there in Blueprint Medicines Corporation?
A steep rise in short interest was recorded in Blueprint Medicines Corporation stocks on Jul 14, 2022, dropping by -0.37 million shares to a total of 5.2 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 5.57 million shares. There was a decline of -7.12%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 8.77% of the overall stock float, the days-to-cover ratio (short ratio) fell to 6.45.
Blueprint Medicines Corporation [BPMC] – Who Are The Largest Shareholders?
In filings from Fidelity Management & Research Co, it is revealed that the company now owns 6,622,866 shares, or roughly 11.09% of the outstanding BPMC shares. In other words, the investor’s shares have risen by 2,486,274 from its previous 13-F filing of 4136592.0. Additionally, T. Rowe Price Associates, Inc. increased 14.16% of its stake after which the total value it holdings stand at $371,071,856, while The Vanguard Group, Inc. added 1.70% of its stake to hold $360.01 million in the firm. Over the last quarter, BlackRock Fund Advisors purchased 128,090 shares of Blueprint Medicines Corporation, while SSgA Funds Management, Inc. bought 449,648 shares. At present, Wellington Management Co. LLP is holding 2,499,674 shares valued at $164.7 million. Cadian Capital Management LP owned 2,020,629 shares of the company at the time of its most recent 13F filing, worth $133.14 million.
According to FactSet, Blueprint Medicines Corporation’s share price will average $79.41 in the next year, based on opinions of analysts polled by the firm. This is up nearly 90.39 percent from its previous closing price of $42.02. Analysts expect Blueprint Medicines Corporation stock to reach the higher price of $115.00, while the lowest price estimate is $39.00. However, 18 analysts have rated BPMC stock as an Overweight in their predictions for 2022.