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A company insider recently sold 333 shares of Blueprint Medicines Corp [BPMC]. Should You Sale?

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. Blueprint Medicines Corp shares valued at $37,013 were sold by Durso-Bumpus Debra on Jun 28 ’24. At $111.15 per share, Durso-Bumpus Debra sold 333 shares. The insider’s holdings dropped to 43,763 shares worth approximately $4.73 million following the completion of this transaction.

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Also, Durso-Bumpus Debra sold 74,034 shares, netting a total of over 7,713,537 in proceeds. Following the sale of shares at $104.19 each, the insider now holds 43,763 shares.

Before that, Carter Percy H. had sold 4,000 shares from its account. In a trade valued at $420,520, the CHIEF SCIENTIFIC OFFICER traded Blueprint Medicines Corp shares for $105.13 each. Upon closing the transaction, the insider’s holdings decreased to 4,000 shares, worth approximately $4.52 million.

As published in their initiating research note from Stephens on May 14, 2024, Blueprint Medicines Corp [BPMC] has been an Overweight and the price target has been revised to $140. Analysts at Leerink Partners upgraded the stock from ‘”an Underperform”‘ to ‘”a Market perform”‘ outlook in a report released in early May. As of October 27, 2023, Oppenheimer has increased its “Perform” rating to a “an Outperform” for BPMC. Earlier on August 21, 2023, Needham resumed its rating. Their recommendation was “a Buy” for BPMC stock.

Analyzing BPMC Stock Performance

During the last five days, there has been a surge of approximately 3.93%. Over the course of the year, Blueprint Medicines Corp shares have jumped approximately 17.09%. Shares of the company reached a 52-week high of $111.89 on 07/03/24 and a 52-week low of $72.24 on 02/14/24. A 50-day SMA is recorded $103.84, while a 200-day SMA reached $82.26. Nevertheless, trading volume fell to 0.29 million shares from 0.68 million shares the previous day.

Support And Resistance Levels for Blueprint Medicines Corp (BPMC)

According to the 24-hour chart, there is a support level at 107.94, which, if violated, would cause prices to drop to 106.84. In the upper region, resistance lies at 111.01. The next price resistance is at 112.98. RSI (Relative Strength Index) is 55.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.85, which suggests the price will increase in the coming days. Percent R is at 28.29%, indicating bullish price movement. Stochastics%K at holding indicates that the stock is to be held.

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