The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Black Stone Minerals, L.P. shares valued at $50,277 were purchased by DeWalch D Mark on Feb 26 ’24. At $15.47 per share, DeWalch D Mark acquired 3,250 shares. The insider’s holdings grew to 320,436 shares worth approximately $5.1 million following the completion of this transaction.
Also, Carter Thomas L Jr purchased 2,075 shares, netting a total of over 33,617 in proceeds. Following the buying of shares at $16.20 each, the insider now holds 2,792,443 shares.
Before that, Carter Thomas L Jr had added 29,000 shares to its account. In a trade valued at $463,614, the CEO, President, and Chairman bought Black Stone Minerals, L.P. shares for $15.99 each. Upon closing the transaction, the insider’s holdings increased to 29,000 shares, worth approximately $44.42 million.
As published in a research note from Raymond James on October 24, 2023, Black Stone Minerals, L.P. [BSM] has been rated down from an Outperform to a Mkt perform. Analysts at KeyBanc Capital Markets downgraded the stock from ‘”an Overweight”‘ to ‘”a Sector weight”‘ outlook in a report released in early March. As of February 06, 2023, Raymond James has decreased its “Strong buy” rating to a “an Outperform” for BSM. Earlier on September 20, 2022, KeyBanc Capital Markets initiated its rating. Their recommendation was “an Overweight” for BSM stock.
Analyzing BSM Stock Performance
During the last five days, there has been a surge of approximately 0.51%. Over the course of the year, Black Stone Minerals, L.P. shares have dropped approximately -0.25%. Shares of the company reached a 52-week high of $16.70 on 04/08/24 and a 52-week low of $14.88 on 02/21/24. A 50-day SMA is recorded $15.78, while a 200-day SMA reached $16.67. Nevertheless, trading volume fell to 0.3 million shares from 0.24 million shares the previous day.
Support And Resistance Levels for Black Stone Minerals, L.P. (BSM)
According to the 24-hour chart, there is a support level at 15.79, which, if violated, would cause prices to drop to 15.65. In the upper region, resistance lies at 16.04. The next price resistance is at 16.16. RSI (Relative Strength Index) is 49.77 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.21, which suggests the price will decrease in the coming days. Percent R is at 37.14%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
