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Analysts review Blackstone Inc’s rating

Blackstone Inc’s recent filing unveils that its 10% Owner BX Buzz ML-1 GP LLC unloaded Company’s shares for reported $27.85 million on Mar 03 ’24. In the deal valued at $11.10 per share,2,509,316 shares were sold. As a result of this transaction, BX Buzz ML-1 GP LLC now holds 12,802 shares worth roughly $1.54 million.

Then, Brown Reginald J bought 2,400 shares, generating $301,500 in total proceeds. Upon buying the shares at $125.62, the Director now owns 16,949 shares.

Before that, Blackstone Inc. sold 24,276,100 shares. Blackstone Inc shares valued at $292,405,624 were divested by the 10% Owner at a price of $12.04 per share. As a result of the transaction, Blackstone Inc. now holds 107,324 shares, worth roughly $12.95 million.

UBS downgraded its Blackstone Inc [BX] rating to a Neutral from a a Buy in a research note published on April 02, 2024; the price target was decreased to $135 from $140. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in mid January from “a Buy” to “a Neutral”. Oppenheimer also remained covering BX and has decreased its forecast on January 11, 2024 with a “Perform” recommendation from previously “an Outperform” rating. TD Cowen started covering the stock on January 04, 2024. It rated BX as “a Market perform”.

Price Performance Review of BX

On Monday, Blackstone Inc [NYSE:BX] saw its stock fall -1.53% to $120.62. Over the last five days, the stock has lost -1.20%. Blackstone Inc shares have fallen nearly -7.41% since the year began. Nevertheless, the stocks have risen 40.82% over the past one year. While a 52-week high of $133.56 was reached on 03/21/24, a 52-week low of $78.89 was recorded on 01/17/24. SMA at 50 days reached $125.74, while 200 days put it at $114.23. A total of 2.29 million shares were traded, compared to the trading of 2.02 million shares in the previous session.

Levels Of Support And Resistance For BX Stock

The 24-hour chart illustrates a support level at 119.21, which if violated will result in even more drops to 117.79. On the upside, there is a resistance level at 122.95. A further resistance level may holdings at 125.27. The Relative Strength Index (RSI) on the 14-day chart is 42.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.54%. Stochastics %K at 32.85% indicates the stock is a holding.

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