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Beyond Inc (BYON) receives a Buy rating from Maxim Group

Beyond Inc’s filing revealed that its Director Burkey Joanna Catherine unloaded Company’s shares for reported $85292.0 on Mar 04 ’24. In the deal valued at $33.54 per share,2,543 shares were sold. As a result of this transaction, Burkey Joanna Catherine now holds 4,332 shares worth roughly $98769.6.

Then, LEMONIS MARCUS bought 3,650 shares, generating $99,170 in total proceeds. Upon buying the shares at $27.17, the EXECUTIVE CHAIRMAN OF BOARD now owns 169,898 shares.

Before that, Nielsen David J. bought 370 shares. Beyond Inc shares valued at $10,008 were divested by the DIVISION CEO OVERSTOCK at a price of $27.05 per share. As a result of the transaction, Nielsen David J. now holds 57,086 shares, worth roughly $1.3 million.

Maxim Group initiated its Beyond Inc [BYON] rating to a Buy in a research note published on April 17, 2024; the price target was $50. A number of analysts have revised their coverage, including Compass Point’s analysts, who began to cover the stock in early February with a ‘”a Buy”‘ rating. Needham also remained covering BYON and has increased its forecast on January 05, 2024 with a “Buy” recommendation from previously “Hold” rating. BTIG Research started covering the stock on September 21, 2023. It rated BYON as “a Neutral”.

Price Performance Review of BYON

On Friday, Beyond Inc [NYSE:BYON] saw its stock fall -0.96% to $22.80. Over the last five days, the stock has lost -13.60%. Beyond Inc shares have fallen nearly -17.66% since the year began. Nevertheless, the stocks have risen 18.94% over the past one year. While a 52-week high of $39.27 was reached on 03/27/24, a 52-week low of $13.71 was recorded on 02/06/24. SMA at 50 days reached $30.61, while 200 days put it at $24.87. A total of 1.4 million shares were traded, compared to the trading of 1.64 million shares in the previous session.

Levels Of Support And Resistance For BYON Stock

The 24-hour chart illustrates a support level at 22.39, which if violated will result in even more drops to 21.97. On the upside, there is a resistance level at 23.38. A further resistance level may holdings at 23.96. The Relative Strength Index (RSI) on the 14-day chart is 18.27, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.02%. Stochastics %K at 1.76% indicates the stock is a buying.

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