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A company insider recently sold 25,418 shares of Blade Air Mobility Inc [BLDE]. Should You also Consider to Sale?

In a filing, Blade Air Mobility Inc revealed its Chief Executive Officer WIESENTHAL ROBERT S unloaded Company’s shares for reported $83315.0 on Apr 03 ’24. In the deal valued at $3.28 per share,25,418 shares were sold. As a result of this transaction, WIESENTHAL ROBERT S now holds 7,149,493 shares worth roughly $25.02 million.

Then, Tomkiel Melissa M. sold 22,836 shares, generating $74,852 in total proceeds. Upon selling the shares at $3.28, the President and General Counsel now owns 1,291,121 shares.

Before that, Heyburn William A. sold 20,552 shares. Blade Air Mobility Inc shares valued at $67,365 were divested by the Chief Financial Officer at a price of $3.28 per share. As a result of the transaction, Heyburn William A. now holds 1,404,468 shares, worth roughly $4.92 million.

Ladenburg Thalmann initiated its Blade Air Mobility Inc [BLDE] rating to a Buy in a research note published on July 18, 2023; the price target was $13. A number of analysts have revised their coverage, including Ladenburg Thalmann’s analysts, who began to cover the stock in mid July with a ‘”a Buy”‘ rating. Oppenheimer began covering BLDE with “an Outperform” recommendation on September 28, 2021. JP Morgan started covering the stock on September 09, 2021. It rated BLDE as “an Overweight”.

Price Performance Review of BLDE

On Friday, Blade Air Mobility Inc [NASDAQ:BLDE] saw its stock fall -2.51% to $3.50. Over the last five days, the stock has lost -1.69%. Blade Air Mobility Inc shares have fallen nearly -0.85% since the year began. Nevertheless, the stocks have risen 21.53% over the past one year. While a 52-week high of $4.54 was reached on 03/11/24, a 52-week low of $2.06 was recorded on 03/19/24. SMA at 50 days reached $3.31, while 200 days put it at $3.13. A total of 0.74 million shares were traded, compared to the trading of 0.46 million shares in the previous session.

Levels Of Support And Resistance For BLDE Stock

The 24-hour chart illustrates a support level at 3.38, which if violated will result in even more drops to 3.25. On the upside, there is a resistance level at 3.66. A further resistance level may holdings at 3.81. The Relative Strength Index (RSI) on the 14-day chart is 53.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 30.56%. Stochastics %K at 73.61% indicates the stock is a holding.

The most recent change occurred on September 01, 2021 when Deutsche Bank began covering the stock and recommended ‘”a Buy”‘ rating along with a $15 price target.

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