Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Blend Labs Inc shares valued at $247,340 were sold by Ghamsari Nima on Apr 24 ’24. At $2.45 per share, Ghamsari Nima sold 100,807 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, Jafari Amir purchased 6,265 shares, netting a total of over 16,588 in proceeds. Following the buying of shares at $2.65 each, the insider now holds 402,716 shares.
Before that, Ghamsari Nima had sold 81,700 shares from its account. In a trade valued at $244,291, the HEAD OF BLEND traded Blend Labs Inc shares for $2.99 each. Upon closing the transaction, the insider’s holdings decreased to 81,700 shares, worth approximately $96671.71999999999.
As published in a research note from Wells Fargo on December 20, 2023, Blend Labs Inc [BLND] has been rated up from an Equal weight to an Overweight and the price target has been revised to $3.50 from $1.50. Analysts at Keefe Bruyette upgraded the stock from ‘”an Underperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in mid November. As of July 25, 2022, Keefe Bruyette has decreased its “Mkt perform” rating to a “an Underperform” for BLND. Earlier on July 07, 2022, KeyBanc Capital Markets downgraded its rating. Their new recommendation was “a Sector weight” for BLND stock which previously was a “an Overweight”.
Analyzing BLND Stock Performance
During the last five days, there has been a surge of approximately 14.88%. Over the course of the year, Blend Labs Inc shares have jumped approximately 9.02%. Shares of the company reached a 52-week high of $3.40 on 03/20/24 and a 52-week low of $2.15 on 01/17/24. A 50-day SMA is recorded $2.73, while a 200-day SMA reached $1.96. Nevertheless, trading volume fell to 2.28 million shares from 1.55 million shares the previous day.
Support And Resistance Levels for Blend Labs Inc (BLND)
According to the 24-hour chart, there is a support level at 2.51, which, if violated, would cause prices to drop to 2.23. In the upper region, resistance lies at 2.93. The next price resistance is at 3.08. RSI (Relative Strength Index) is 57.86 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.10, which suggests the price will decrease in the coming days. Percent R is at 15.29%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
