Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Blade Air Mobility Inc shares valued at $83,315 were sold by WIESENTHAL ROBERT S on Apr 03 ’24. At $3.28 per share, WIESENTHAL ROBERT S sold 25,418 shares. The insider’s holdings dropped to 7,149,493 shares worth approximately $25.88 million following the completion of this transaction.
Also, Tomkiel Melissa M. sold 22,836 shares, netting a total of over 74,852 in proceeds. Following the sale of shares at $3.28 each, the insider now holds 1,291,121 shares.
Before that, Heyburn William A. had sold 20,552 shares from its account. In a trade valued at $67,365, the Chief Financial Officer traded Blade Air Mobility Inc shares for $3.28 each. Upon closing the transaction, the insider’s holdings decreased to 20,552 shares, worth approximately $5.08 million.
As published in their initiating research note from Ladenburg Thalmann on July 18, 2023, Blade Air Mobility Inc [BLDE] has been a Buy and the price target has been revised to $13. Analysts at Ladenburg Thalmann started covering the stock with ‘”a Buy”‘ outlook in a report released in mid July. As of September 28, 2021, Oppenheimer has initiated its “an Outperform” rating for BLDE. Earlier on September 09, 2021, JP Morgan initiated its rating. Their recommendation was “an Overweight” for BLDE stock.
Analyzing BLDE Stock Performance
During the last five days, there has been a drop of approximately -5.97%. Over the course of the year, Blade Air Mobility Inc shares have jumped approximately 2.55%. Shares of the company reached a 52-week high of $4.24 on 03/11/24 and a 52-week low of $2.45 on 03/19/24. A 50-day SMA is recorded $3.25, while a 200-day SMA reached $3.18. Nevertheless, trading volume fell to 0.7 million shares from 0.89 million shares the previous day.
Support And Resistance Levels for Blade Air Mobility Inc (BLDE)
According to the 24-hour chart, there is a support level at 3.53, which, if violated, would cause prices to drop to 3.45. In the upper region, resistance lies at 3.71. The next price resistance is at 3.81. RSI (Relative Strength Index) is 56.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.01, which suggests the price will decrease in the coming days. Percent R is at 29.08%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
