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BZFD (BuzzFeed Inc) may reap gains as insiders became active recently

BuzzFeed Inc’s recently made public that its Member of 10% Group Johnson John S. III unloaded Company’s shares for reported $0.3 million on May 31 ’24. In the deal valued at $2.85 per share,104,000 shares were sold. As a result of this transaction, Johnson John S. III now holds 1,091,195 shares worth roughly $2.54 million.

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Then, COMCAST CORP sold 3,176,923 shares, generating $10,145,821 in total proceeds. Upon selling the shares at $3.19, the 10% Owner now owns 2,000,000 shares.

Before that, Johnson John S. III sold 50,000 shares. BuzzFeed Inc shares valued at $9,440 were divested by the Member of 10% Group at a price of $0.19 per share. As a result of the transaction, Johnson John S. III now holds 4,780,779 shares, worth roughly $11.14 million.

Cowen downgraded its BuzzFeed Inc [BZFD] rating to a Market perform from a an Outperform in a research note published on November 22, 2022; the price target was decreased to $2 from $3. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in mid August from “a Neutral” to “an Underperform”. BofA Securities began covering BZFD with “Neutral” recommendation on February 04, 2022. Craig Hallum started covering the stock on January 12, 2022. It rated BZFD as “a Buy”.

Price Performance Review of BZFD

On Monday, BuzzFeed Inc [NASDAQ:BZFD] saw its stock fall -3.32% to $2.33. Over the last five days, the stock has lost -15.27%. BuzzFeed Inc shares have risen nearly 133.00% since the year began. Nevertheless, the stocks have fallen -10.04% over the past one year. While a 52-week high of $4.56 was reached on 05/22/24, a 52-week low of $0.64 was recorded on 02/02/24. SMA at 50 days reached $2.02, while 200 days put it at $1.43. A total of 0.55 million shares were traded, compared to the trading of 0.83 million shares in the previous session.

Levels Of Support And Resistance For BZFD Stock

The 24-hour chart illustrates a support level at 2.27, which if violated will result in even more drops to 2.22. On the upside, there is a resistance level at 2.38. A further resistance level may holdings at 2.44. The Relative Strength Index (RSI) on the 14-day chart is 48.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.38%. Stochastics %K at 6.91% indicates the stock is a buying.

The most recent change occurred on January 10, 2022 when Cowen began covering the stock and recommended ‘”an Outperform”‘ rating along with a $7 price target.

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