Blade Air Mobility Inc [BLDE] Shares Fall Approximately -31.96% Over the Year

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Blade Air Mobility Inc shares valued at $56,306 were sold by WIESENTHAL ROBERT S on Dec 15. At $3.22 per share, WIESENTHAL ROBERT S sold 17,494 shares. The insider’s holdings dropped to 7,264,558 shares worth approximately $21.65 million following the completion of this transaction.

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Also, Heyburn William A. sold 6,793 shares, netting a total of over 21,864 in proceeds. Following the sale of shares at $3.22 each, the insider now holds 1,330,624 shares.

Before that, Tomkiel Melissa M. had sold 6,537 shares from its account. In a trade valued at $21,040, the President and General Counsel traded Blade Air Mobility Inc shares for $3.22 each. Upon closing the transaction, the insider’s holdings decreased to 6,537 shares, worth approximately $3.66 million.

As published in their initiating research note from Ladenburg Thalmann on July 18, 2023, Blade Air Mobility Inc [BLDE] has been a Buy and the price target has been revised to $13.

Analyzing BLDE Stock Performance

During the last five days, there has been a drop of approximately -5.70%. Over the course of the year, Blade Air Mobility Inc shares have dropped approximately -15.58%. Shares of the company reached a 52-week high of $3.50 on 01/02/24 and a 52-week low of $2.69 on 01/19/24. A 50-day SMA is recorded $3.20, while a 200-day SMA reached $3.18. Nevertheless, trading volume fell to 0.54 million shares from 0.48 million shares the previous day.

Support And Resistance Levels for Blade Air Mobility Inc (BLDE)

According to the 24-hour chart, there is a support level at 2.92, which, if violated, would cause prices to drop to 2.86. In the upper region, resistance lies at 3.08. The next price resistance is at 3.18. RSI (Relative Strength Index) is 45.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.06, which suggests the price will decrease in the coming days. Percent R is at 50.81%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Blade Air Mobility Inc subject to short interest?

Stocks of Blade Air Mobility Inc saw a sharp rise in short interest on Jan 11, 2024 jumping by 30000.0 shares to 2.64 million. Data from Yahoo Finance shows that the short interest on Dec 14, 2023 was 2.61 million shares. A jump of 1.14% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.36 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.36.

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