Taking a Closer Look At Berkeley Lights Inc. (BLI) Following Its Recent Trade


In a filing, Berkeley Lights Inc. revealed its SVP, Chief Accounting Officer McClaskey James Paul unloaded Company’s shares for reported $243.0 on Oct 20. In the deal valued at $1.99 per share,122 shares were sold. As a result of this transaction, McClaskey James Paul now holds 67,231 shares worth roughly $ 0.14 million.

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Then, Hobbs Eric sold 7,531 shares, generating $37,429 in total proceeds. Upon selling the shares at $4.97, the insider now owns 182,725 shares.

Before that, Hobbs Eric sold 123,062 shares. Berkeley Lights Inc. shares valued at $529,868 were divested by the insider at a price of $4.31 per share. As a result of the transaction, Hobbs Eric now holds 190,256 shares, worth roughly $0.41 million.

Morgan Stanley downgraded its Berkeley Lights Inc. [BLI] rating to an Underweight from a an Equal-weight in a research note published on Tuesday, August 10, 2022; the price target was decreased to $5 from $10. PT values the company’s stock at a premium of 57.4 to its Tuesday closing price. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in early August from “an Overweight” to “a Neutral”. BTIG Research also remained covering BLI and has decreased its forecast on August 10, 2022 with a “Neutral” recommendation from previously “Buy” rating.

Price Performance Review of BLI

On Tuesday, Berkeley Lights Inc. [NASDAQ:BLI] saw its stock fall -4.48% to $2.13. On the same session, the stock had its day’s lowest price of $2.11, but rose to a high of $2.25. Over the last five days, the stock has lost -8.19%. Berkeley Lights Inc. shares have fallen nearly -20.52% since the year began. Nevertheless, the stocks have fallen -76.04% over the past one year. While a 52-week high of $10.29 was reached on 01/03/23, a 52-week low of $1.83 was recorded on 01/24/23. SMA at 50 days reached $2.69, while 200 days put it at $3.86. A total of 0.59 million shares were traded, compared to the trading of 0.66 million shares in the previous session.

Levels Of Support And Resistance For BLI Stock

The 24-hour chart illustrates a support level at 2.08, which if violated will result in even more drops to 2.02. On the upside, there is a resistance level at 2.22. A further resistance level may holdings at 2.30. The Relative Strength Index (RSI) on the 14-day chart is 37.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.08%. Stochastics %K at 7.74% indicates the stock is a buying.

How much short interest is there in Berkeley Lights Inc.?

A steep rise in short interest was recorded in Berkeley Lights Inc. stocks on Oct 13, 2022, dropping by -0.57 million shares to a total of 3.19 million shares. Yahoo Finance data shows the prior-month short interest on Sep 14, 2022 was 3.76 million shares. There was a decline of -17.87%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 6.31% of the overall stock float, the days-to-cover ratio (short ratio) fell to 5.96.

Berkeley Lights Inc. [BLI] – Who Are The Largest Shareholders?

In filings from ARK Investment Management LLC, it is revealed that the company now owns 5,468,825 shares, or roughly 7.94% of the outstanding BLI shares. In other words, the investor’s shares have fallen by -2,953,599 from its previous 13-F filing of 8422424.0. Additionally, Mackenzie Financial Corp. decreased -0.50% of its stake after which the total value it holdings stand at $11,205,544, while BlackRock Fund Advisors reduced -1.38% of its stake to hold $10.54 million in the firm. Over the last quarter, Baillie Gifford & Co. purchased 39,216 shares of Berkeley Lights Inc., while The Vanguard Group, Inc. bought 653,998 shares. At present, Glenview Capital Management LLC is holding 2,325,567 shares valued at $6.23 million. Federated MDTA LLC owned 2,175,776 shares of the company at the time of its most recent 13F filing, worth $5.83 million.


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