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Blackstone Inc’s latest rating changes from various analysts

Blackstone Inc’s filing revealed that its 10% Owner Blackstone Inc. unloaded Company’s shares for reported $328.64 million on May 21 ’24. In the deal valued at $16.33 per share,20,125,000 shares were sold. As a result of this transaction, Blackstone Inc. now holds 77,326 shares worth roughly $9.53 million.

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Then, Porat Ruth bought 219 shares, generating $26,192 in total proceeds. Upon buying the shares at $119.48, the Director now owns 34,445 shares.

Before that, Porat Ruth bought 58 shares. Blackstone Inc shares valued at $6,929 were divested by the Director at a price of $119.95 per share. As a result of the transaction, Porat Ruth now holds 8,406 shares, worth roughly $1.04 million.

UBS downgraded its Blackstone Inc [BX] rating to a Neutral from a a Buy in a research note published on April 02, 2024; the price target was decreased to $135 from $140. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in mid January from “a Buy” to “a Neutral”. Oppenheimer also remained covering BX and has decreased its forecast on January 11, 2024 with a “Perform” recommendation from previously “an Outperform” rating. TD Cowen started covering the stock on January 04, 2024. It rated BX as “a Market perform”.

Price Performance Review of BX

On Tuesday, Blackstone Inc [NYSE:BX] saw its stock jump 0.80% to $123.21. Over the last five days, the stock has lost -0.97%. Blackstone Inc shares have fallen nearly -5.08% since the year began. Nevertheless, the stocks have risen 34.73% over the past one year. While a 52-week high of $133.08 was reached on 03/21/24, a 52-week low of $87.84 was recorded on 01/17/24. SMA at 50 days reached $122.35, while 200 days put it at $118.25. A total of 2.27 million shares were traded, compared to the trading of 3.57 million shares in the previous session.

Levels Of Support And Resistance For BX Stock

The 24-hour chart illustrates a support level at 121.98, which if violated will result in even more drops to 120.75. On the upside, there is a resistance level at 123.98. A further resistance level may holdings at 124.75. The Relative Strength Index (RSI) on the 14-day chart is 51.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.27%. Stochastics%K at 57.25% indicates the stock is a holding.

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