Black Stone Minerals, L.P.’s recently made public that its Director DeWalch D Mark acquired Company’s shares for reported $50277.0 on Feb 26 ’24. In the deal valued at $15.47 per share,3,250 shares were bought. As a result of this transaction, DeWalch D Mark now holds 320,436 shares worth roughly $5.33 million.
Then, Carter Thomas L Jr bought 2,075 shares, generating $33,617 in total proceeds. Upon buying the shares at $16.20, the CEO, President, and Chairman now owns 2,792,443 shares.
Before that, Carter Thomas L Jr bought 29,000 shares. Black Stone Minerals, L.P. shares valued at $463,614 were divested by the CEO, President, and Chairman at a price of $15.99 per share. As a result of the transaction, Carter Thomas L Jr now holds 2,790,368 shares, worth roughly $46.43 million.
Raymond James downgraded its Black Stone Minerals, L.P. [BSM] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who decreased its forecast for the stock in early March from “an Overweight” to “a Sector weight”. Raymond James also remained covering BSM and has decreased its forecast on February 06, 2023 with a “an Outperform” recommendation from previously “Strong buy” rating. KeyBanc Capital Markets started covering the stock on September 20, 2022. It rated BSM as “an Overweight”.
Price Performance Review of BSM
On Tuesday, Black Stone Minerals, L.P. [NYSE:BSM] saw its stock jump 0.79% to $16.64. Over the last five days, the stock has gained 0.91%. Black Stone Minerals, L.P. shares have risen nearly 4.26% since the year began. Nevertheless, the stocks have risen 6.39% over the past one year. While a 52-week high of $18.55 was reached on 04/08/24, a 52-week low of $14.80 was recorded on 02/21/24. SMA at 50 days reached $15.79, while 200 days put it at $16.67. A total of 0.28 million shares were traded, compared to the trading of 0.58 million shares in the previous session.
Levels Of Support And Resistance For BSM Stock
The 24-hour chart illustrates a support level at 16.49, which if violated will result in even more drops to 16.33. On the upside, there is a resistance level at 16.72. A further resistance level may holdings at 16.79. The Relative Strength Index (RSI) on the 14-day chart is 68.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 5.46%. Stochastics %K at 92.90% indicates the stock is a selling.
How much short interest is there in Black Stone Minerals, L.P.?
A steep rise in short interest was recorded in Black Stone Minerals, L.P. stocks on Mar 15, 2024, growing by 0.28 million shares to a total of 4.44 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 4.16 million shares. There was a rise of 6.31%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.62% of the overall stock float, the days-to-cover ratio (short ratio) rose to 7.93.
