BuzzFeed Inc [BZFD] Investment Guide: What You Need to Know

BuzzFeed Inc’s filing revealed that its Member of 10% Group Johnson John S. III unloaded Company’s shares for reported $9440.0 on Jan 29 ’24. In the deal valued at $0.19 per share,50,000 shares were sold. As a result of this transaction, Johnson John S. III now holds 4,780,779 shares worth roughly $2.25 million.

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Then, Johnson John S. III sold 25,000 shares, generating $5,400 in total proceeds. Upon selling the shares at $0.22, the Member of 10% Group now owns 4,830,779 shares.

Before that, Johnson John S. III sold 50,000 shares. BuzzFeed Inc shares valued at $11,530 were divested by the Member of 10% Group at a price of $0.23 per share. As a result of the transaction, Johnson John S. III now holds 4,855,779 shares, worth roughly $2.28 million.

Cowen downgraded its BuzzFeed Inc [BZFD] rating to a Market perform from a an Outperform in a research note published on November 22, 2022; the price target was decreased to $2 from $3. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in mid August from “a Neutral” to “an Underperform”. BofA Securities began covering BZFD with “Neutral” recommendation on February 04, 2022. Craig Hallum started covering the stock on January 12, 2022. It rated BZFD as “a Buy”.

Price Performance Review of BZFD

On Tuesday, BuzzFeed Inc [NASDAQ:BZFD] saw its stock jump 1.07% to $0.47. Over the last five days, the stock has gained 17.10%. BuzzFeed Inc shares have risen nearly 89.00% since the year began. Nevertheless, the stocks have fallen -55.42% over the past one year. While a 52-week high of $1.23 was reached on 04/01/24, a 52-week low of $0.16 was recorded on 02/02/24. SMA at 50 days reached $0.2976, while 200 days put it at $0.3726. A total of 0.73 million shares were traded, compared to the trading of 6.24 million shares in the previous session.

Levels Of Support And Resistance For BZFD Stock

The 24-hour chart illustrates a support level at 0.4591, which if violated will result in even more drops to 0.4456. On the upside, there is a resistance level at 0.4870. A further resistance level may holdings at 0.5014. The Relative Strength Index (RSI) on the 14-day chart is 76.38, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0617, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 15.58%. Stochastics %K at 86.38% indicates the stock is a selling.

How much short interest is there in BuzzFeed Inc?

A steep rise in short interest was recorded in BuzzFeed Inc stocks on Mar 15, 2024, growing by 2.55 million shares to a total of 4.47 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 1.92 million shares. There was a rise of 57.05%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 5.27% of the overall stock float, the days-to-cover ratio (short ratio) rose to 0.37.

The most recent change occurred on January 10, 2022 when Cowen began covering the stock and recommended ‘”an Outperform”‘ rating along with a $7 price target.

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