Broadstone Net Lease Inc’s recently made public that its Director NARASIMHAN SHEKAR acquired Company’s shares for reported $74350.0 on Feb 27 ’24. In the deal valued at $14.87 per share,5,000 shares were bought. As a result of this transaction, NARASIMHAN SHEKAR now holds 5,000 shares worth roughly $75300.0.
Then, Moragne John David bought 10,000 shares, generating $147,688 in total proceeds. Upon buying the shares at $14.77, the Chief Executive Officer now owns 162,256 shares.
Before that, COKE MICHAEL A bought 10,000 shares. Broadstone Net Lease Inc shares valued at $146,720 were divested by the Director at a price of $14.67 per share. As a result of the transaction, COKE MICHAEL A now holds 34,817 shares, worth roughly $0.52 million.
Goldman initiated its Broadstone Net Lease Inc [BNL] rating to a Sell in a research note published on March 07, 2024; the price target was $14. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in mid December from “a Neutral” to “an Overweight”. Wolfe Research also remained covering BNL and has increased its forecast on October 18, 2023 with a “an Outperform” recommendation from previously “Peer perform” rating. JMP Securities started covering the stock on September 21, 2023. It rated BNL as “a Mkt perform”.
Price Performance Review of BNL
On Friday, Broadstone Net Lease Inc [NYSE:BNL] saw its stock jump 1.21% to $15.06. Over the last five days, the stock has lost -3.89%. Broadstone Net Lease Inc shares have fallen nearly -12.54% since the year began. Nevertheless, the stocks have fallen -9.44% over the past one year. While a 52-week high of $17.59 was reached on 01/02/24, a 52-week low of $13.68 was recorded on 03/14/24. SMA at 50 days reached $15.34, while 200 days put it at $15.71. A total of 0.77 million shares were traded, compared to the trading of 1.37 million shares in the previous session.
Levels Of Support And Resistance For BNL Stock
The 24-hour chart illustrates a support level at 14.82, which if violated will result in even more drops to 14.58. On the upside, there is a resistance level at 15.19. A further resistance level may holdings at 15.32. The Relative Strength Index (RSI) on the 14-day chart is 47.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.02%. Stochastics %K at 30.21% indicates the stock is a holding.
How much short interest is there in Broadstone Net Lease Inc?
A steep rise in short interest was recorded in Broadstone Net Lease Inc stocks on Mar 15, 2024, growing by 0.41 million shares to a total of 3.12 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 2.71 million shares. There was a rise of 13.14%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.23% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.7.
