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A Guide To The Risks Of Investing In Blue Bird Corp (BLBD)

Blue Bird Corp’s filing revealed that its President Smith Britton unloaded Company’s shares for reported $0.21 million on Feb 29 ’24. In the deal valued at $33.49 per share,6,228 shares were sold. As a result of this transaction, Smith Britton now holds 87,250 shares worth roughly $2.88 million.

Then, Radulescu Razvan sold 15,662 shares, generating $477,534 in total proceeds. Upon selling the shares at $30.49, the Chief Financial Officer now owns 97,362 shares.

Before that, ASP BB Holdings LLC sold 4,042,650 shares. Blue Bird Corp shares valued at $133,003,185 were divested by the 10% Owner at a price of $32.90 per share. As a result of the transaction, ASP BB Holdings LLC now holds 0 shares, worth roughly $0.0.

Needham initiated its Blue Bird Corp [BLBD] rating to a Buy in a research note published on February 29, 2024; the price target was $44. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in mid September with a ‘”an Overweight”‘ rating. R. F. Lafferty began covering BLBD with “Buy” recommendation on September 06, 2023. BofA Securities started covering the stock on August 18, 2023. It rated BLBD as “a Buy”.

Price Performance Review of BLBD

On Tuesday, Blue Bird Corp [NASDAQ:BLBD] saw its stock fall -4.53% to $32.96. Over the last five days, the stock has lost -9.19%. Blue Bird Corp shares have risen nearly 22.24% since the year began. Nevertheless, the stocks have risen 76.23% over the past one year. While a 52-week high of $39.01 was reached on 04/04/24, a 52-week low of $17.59 was recorded on 01/16/24. SMA at 50 days reached $34.51, while 200 days put it at $25.42. A total of 0.35 million shares were traded, compared to the trading of 0.26 million shares in the previous session.

Levels Of Support And Resistance For BLBD Stock

The 24-hour chart illustrates a support level at 32.37, which if violated will result in even more drops to 31.79. On the upside, there is a resistance level at 33.99. A further resistance level may holdings at 35.03. The Relative Strength Index (RSI) on the 14-day chart is 41.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.93, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.34%. Stochastics %K at 25.58% indicates the stock is a holding.

The most recent change occurred on June 29, 2022 when DA Davidson began covering the stock and recommended ‘”a Buy”‘ rating along with a $13 price target.

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