Boston Properties, Inc.’s filing revealed that its Senior EVP RITCHEY RAYMOND A unloaded Company’s shares for reported $0.89 million on Mar 06 ’24. In the deal valued at $62.84 per share,14,150 shares were sold. As a result of this transaction, RITCHEY RAYMOND A now holds 0 shares worth roughly $0.0.
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Then, Kevorkian Eric G sold 1,000 shares, generating $66,430 in total proceeds. Upon selling the shares at $66.43, the SVP, CLO and Secretary now owns 994 shares.
Before that, RITCHEY RAYMOND A sold 65,000 shares. Boston Properties, Inc. shares valued at $4,362,085 were divested by the Senior EVP at a price of $67.11 per share. As a result of the transaction, RITCHEY RAYMOND A now holds 0 shares, worth roughly $0.0.
Deutsche Bank initiated its Boston Properties, Inc. [BXP] rating to a Hold in a research note published on January 30, 2024; the price target was $74. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in early January from “a Hold” to “a Buy”. Wedbush began covering BXP with “Neutral” recommendation on October 03, 2023. Compass Point started covering the stock on September 26, 2023. It rated BXP as “a Neutral”.
Price Performance Review of BXP
On Monday, Boston Properties, Inc. [NYSE:BXP] saw its stock fall -0.60% to $62.89. Over the last five days, the stock has gained 0.10%. Boston Properties, Inc. shares have fallen nearly -10.37% since the year began. Nevertheless, the stocks have risen 32.76% over the past one year. While a 52-week high of $73.97 was reached on 01/10/24, a 52-week low of $46.18 was recorded on 02/13/24. SMA at 50 days reached $65.65, while 200 days put it at $62.39. A total of 1.73 million shares were traded, compared to the trading of 1.38 million shares in the previous session.
Levels Of Support And Resistance For BXP Stock
The 24-hour chart illustrates a support level at 62.30, which if violated will result in even more drops to 61.72. On the upside, there is a resistance level at 63.94. A further resistance level may holdings at 65.00. The Relative Strength Index (RSI) on the 14-day chart is 44.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.32%. Stochastics %K at 46.24% indicates the stock is a holding.
How much short interest is there in Boston Properties, Inc.?
A steep rise in short interest was recorded in Boston Properties, Inc. stocks on Feb 29, 2024, growing by 1.06 million shares to a total of 7.6 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 6.54 million shares. There was a rise of 13.95%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 6.61% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.64.
The most recent change occurred on September 12, 2023 when KeyBanc Capital Markets began covering the stock and recommended ‘”a Sector weight”‘ rating.
