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. Beyond Inc shares valued at $85,292 were sold by Burkey Joanna Catherine on Mar 04 ’24. At $33.54 per share, Burkey Joanna Catherine sold 2,543 shares. The insider’s holdings dropped to 4,332 shares worth approximately $70741.56 following the completion of this transaction.
Also, LEMONIS MARCUS purchased 3,650 shares, netting a total of over 99,170 in proceeds. Following the buying of shares at $27.17 each, the insider now holds 169,898 shares.
Before that, Nielsen David J. had added 370 shares to its account. In a trade valued at $10,008, the DIVISION CEO OVERSTOCK bought Beyond Inc shares for $27.05 each. Upon closing the transaction, the insider’s holdings increased to 370 shares, worth approximately $0.93 million.
As published in a research note from Maxim Group on May 08, 2024, Beyond Inc [BYON] has been retained to a Buy and the price target has been revised to $36. Analysts at Needham downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early May. As of April 17, 2024, Maxim Group has initiated its “Buy” rating for BYON. Earlier on February 01, 2024, Compass Point initiated its rating. Their recommendation was “a Buy” for BYON stock.
Analyzing BYON Stock Performance
During the last five days, there has been a drop of approximately -17.06%. Over the course of the year, Beyond Inc shares have dropped approximately -41.03%. Shares of the company reached a 52-week high of $37.10 on 03/27/24 and a 52-week low of $15.40 on 05/08/24. A 50-day SMA is recorded $28.98, while a 200-day SMA reached $24.21. Nevertheless, trading volume fell to 4.76 million shares from 2.86 million shares the previous day.
Support And Resistance Levels for Beyond Inc (BYON)
According to the 24-hour chart, there is a support level at 15.62, which, if violated, would cause prices to drop to 14.90. In the upper region, resistance lies at 16.83. The next price resistance is at 17.32. RSI (Relative Strength Index) is 22.88 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.61, which suggests the price will decrease in the coming days. Percent R is at 89.49%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
