Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Blackstone Mortgage Trust Inc shares valued at $46,066 were sold by Keenan Katharine A on Mar 11 ’24. At $20.25 per share, Keenan Katharine A sold 2,275 shares. The insider’s holdings dropped to 192,023 shares worth approximately $3.5 million following the completion of this transaction.
Also, Marone Anthony F. JR sold 485 shares, netting a total of over 9,822 in proceeds. Following the sale of shares at $20.25 each, the insider now holds 60,112 shares.
Before that, Keenan Katharine A had sold 2,274 shares from its account. In a trade valued at $46,437, the CEO & President traded Blackstone Mortgage Trust Inc shares for $20.42 each. Upon closing the transaction, the insider’s holdings decreased to 2,274 shares, worth approximately $3.55 million.
As published in a research note from BofA Securities on March 04, 2024, Blackstone Mortgage Trust Inc [BXMT] has been rated down from a Buy to a Neutral and the price target has been revised to $21 from $22. Analysts at UBS started covering the stock with ‘”a Neutral”‘ outlook in a report released in early December. As of July 17, 2023, BTIG Research has reiterated its “Buy” rating for BXMT.
Analyzing BXMT Stock Performance
During the last five days, there has been a surge of approximately 0.11%. Over the course of the year, Blackstone Mortgage Trust Inc shares have dropped approximately -14.20%. Shares of the company reached a 52-week high of $22.04 on 01/11/24 and a 52-week low of $17.77 on 04/24/24. A 50-day SMA is recorded $19.51, while a 200-day SMA reached $21.09. Nevertheless, trading volume fell to 5.9 million shares from 1.99 million shares the previous day.
Support And Resistance Levels for Blackstone Mortgage Trust Inc (BXMT)
According to the 24-hour chart, there is a support level at 17.80, which, if violated, would cause prices to drop to 17.35. In the upper region, resistance lies at 18.67. The next price resistance is at 19.09. RSI (Relative Strength Index) is 39.06 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.03, which suggests the price will decrease in the coming days. Percent R is at 73.48%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
