KD Logo

Analyzing Blackstone Mortgage Trust Inc (BXMT) After Recent Trading Activity

In a filing, Blackstone Mortgage Trust Inc revealed its CEO & President Keenan Katharine A unloaded Company’s shares for reported $46066.0 on Mar 11 ’24. In the deal valued at $20.25 per share,2,275 shares were sold. As a result of this transaction, Keenan Katharine A now holds 192,023 shares worth roughly $3.39 million.

Then, Marone Anthony F. JR sold 485 shares, generating $9,822 in total proceeds. Upon selling the shares at $20.25, the Chief Financial Officer now owns 60,112 shares.

Before that, Keenan Katharine A sold 2,274 shares. Blackstone Mortgage Trust Inc shares valued at $46,437 were divested by the CEO & President at a price of $20.42 per share. As a result of the transaction, Keenan Katharine A now holds 194,298 shares, worth roughly $3.43 million.

BofA Securities downgraded its Blackstone Mortgage Trust Inc [BXMT] rating to a Neutral from a a Buy in a research note published on March 04, 2024; the price target was decreased to $21 from $22. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in early December with a ‘”a Neutral”‘ rating. BTIG Research also remained covering BXMT and reiterated its “Buy” recommendation on July 17, 2023.

Price Performance Review of BXMT

On Tuesday, Blackstone Mortgage Trust Inc [NYSE:BXMT] saw its stock fall -1.51% to $17.64. Over the last five days, the stock has lost -7.79%. Blackstone Mortgage Trust Inc shares have fallen nearly -17.07% since the year began. Nevertheless, the stocks have fallen -3.29% over the past one year. While a 52-week high of $23.82 was reached on 01/11/24, a 52-week low of $16.83 was recorded on 04/30/24. SMA at 50 days reached $19.39, while 200 days put it at $21.00. A total of 1.83 million shares were traded, compared to the trading of 2.19 million shares in the previous session.

Levels Of Support And Resistance For BXMT Stock

The 24-hour chart illustrates a support level at 17.52, which if violated will result in even more drops to 17.40. On the upside, there is a resistance level at 17.79. A further resistance level may holdings at 17.94. The Relative Strength Index (RSI) on the 14-day chart is 35.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.56%. Stochastics %K at 12.84% indicates the stock is a buying.

Most Popular

[the_ad id="945"]