In a filing, Blackstone Inc revealed its 10% Owner BX Buzz ML-1 GP LLC unloaded Company’s shares for reported $27.85 million on Mar 03 ’24. In the deal valued at $11.10 per share,2,509,316 shares were sold. As a result of this transaction, BX Buzz ML-1 GP LLC now holds 12,802 shares worth roughly $1.65 million.
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Then, Brown Reginald J bought 2,400 shares, generating $301,500 in total proceeds. Upon buying the shares at $125.62, the Director now owns 16,949 shares.
Before that, Blackstone Inc. sold 24,276,100 shares. Blackstone Inc shares valued at $292,405,624 were divested by the 10% Owner at a price of $12.04 per share. As a result of the transaction, Blackstone Inc. now holds 107,324 shares, worth roughly $13.83 million.
Citigroup downgraded its Blackstone Inc [BX] rating to a Neutral from a a Buy in a research note published on January 19, 2024; the price target was increased to $124 from $116. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who decreased its forecast for the stock in mid January from “an Outperform” to “a Perform”. TD Cowen began covering BX with “Market perform” recommendation on January 04, 2024. Goldman revised its rating on January 03, 2024. It rated BX as “a Neutral” which previously was an “a Buy”.
Price Performance Review of BX
On Monday, Blackstone Inc [NYSE:BX] saw its stock jump 0.77% to $128.84. Over the last five days, the stock has gained 4.38%. Blackstone Inc shares have fallen nearly -1.10% since the year began. Nevertheless, the stocks have risen 55.20% over the past one year. While a 52-week high of $133.56 was reached on 03/21/24, a 52-week low of $77.94 was recorded on 01/17/24. SMA at 50 days reached $124.95, while 200 days put it at $110.25. A total of 1.79 million shares were traded, compared to the trading of 4.0 million shares in the previous session.
Levels Of Support And Resistance For BX Stock
The 24-hour chart illustrates a support level at 128.07, which if violated will result in even more drops to 127.30. On the upside, there is a resistance level at 129.45. A further resistance level may holdings at 130.05. The Relative Strength Index (RSI) on the 14-day chart is 55.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.61, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 39.14%. Stochastics %K at 65.95% indicates the stock is a holding.
How much short interest is there in Blackstone Inc?
A steep rise in short interest was recorded in Blackstone Inc stocks on Feb 29, 2024, dropping by -0.5 million shares to a total of 23.68 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 24.18 million shares. There was a decline of -2.11%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.32% of the overall stock float, the days-to-cover ratio (short ratio) fell to 6.91.
