Blend Labs Inc’s recently made public that its HEAD OF FINANCE AND ADMIN. Jafari Amir acquired Company’s shares for reported $16588.0 on Apr 12 ’24. In the deal valued at $2.65 per share,6,265 shares were bought. As a result of this transaction, Jafari Amir now holds 402,716 shares worth roughly $0.96 million.
Then, Ghamsari Nima sold 81,700 shares, generating $244,291 in total proceeds. Upon selling the shares at $2.99, the HEAD OF BLEND now owns 34,774 shares.
Before that, Jafari Amir bought 5,555 shares. Blend Labs Inc shares valued at $16,665 were divested by the HEAD OF FINANCE AND ADMIN. at a price of $3.00 per share. As a result of the transaction, Jafari Amir now holds 396,451 shares, worth roughly $0.94 million.
Wells Fargo upgraded its Blend Labs Inc [BLND] rating to an Overweight from a an Equal weight in a research note published on December 20, 2023; the price target was increased to $3.50 from $1.50. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who increased its forecast for the stock in mid November from “an Underperform” to “a Mkt perform”. Keefe Bruyette also remained covering BLND and has decreased its forecast on July 25, 2022 with a “an Underperform” recommendation from previously “Mkt perform” rating. KeyBanc Capital Markets revised its rating on July 07, 2022. It rated BLND as “a Sector weight” which previously was an “an Overweight”.
Price Performance Review of BLND
On Monday, Blend Labs Inc [NYSE:BLND] saw its stock jump 2.15% to $2.38. Over the last five days, the stock has lost -1.65%. Blend Labs Inc shares have fallen nearly -6.67% since the year began. Nevertheless, the stocks have risen 195.29% over the past one year. While a 52-week high of $3.40 was reached on 03/20/24, a 52-week low of $0.53 was recorded on 01/17/24. SMA at 50 days reached $2.78, while 200 days put it at $1.88. A total of 1.2 million shares were traded, compared to the trading of 0.93 million shares in the previous session.
Levels Of Support And Resistance For BLND Stock
The 24-hour chart illustrates a support level at 2.31, which if violated will result in even more drops to 2.23. On the upside, there is a resistance level at 2.42. A further resistance level may holdings at 2.45. The Relative Strength Index (RSI) on the 14-day chart is 36.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.22%. Stochastics %K at 7.62% indicates the stock is a buying.
The most recent change occurred on May 25, 2022 when Compass Point began covering the stock and recommended ‘”a Neutral”‘ rating along with a $4.20 price target.
