Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Blue Bird Corp shares valued at $208,607 were sold by Smith Britton on Feb 29 ’24. At $33.49 per share, Smith Britton sold 6,228 shares. The insider’s holdings dropped to 87,250 shares worth approximately $4.23 million following the completion of this transaction.
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Also, Radulescu Razvan sold 15,662 shares, netting a total of over 477,534 in proceeds. Following the sale of shares at $30.49 each, the insider now holds 97,362 shares.
Before that, ASP BB Holdings LLC had sold 4,042,650 shares from its account. In a trade valued at $133,003,185, the 10% Owner traded Blue Bird Corp shares for $32.90 each. Upon closing the transaction, the insider’s holdings decreased to 4,042,650 shares, worth approximately $0.0.
As published in their initiating research note from Needham on February 29, 2024, Blue Bird Corp [BLBD] has been a Buy and the price target has been revised to $44. Analysts at Barclays started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid September. As of September 06, 2023, R. F. Lafferty has initiated its “Buy” rating for BLBD. Earlier on August 18, 2023, BofA Securities initiated its rating. Their recommendation was “a Buy” for BLBD stock.
Analyzing BLBD Stock Performance
During the last five days, there has been a drop of approximately -9.82%. Over the course of the year, Blue Bird Corp shares have jumped approximately 79.86%. Shares of the company reached a 52-week high of $59.40 on 06/12/24 and a 52-week low of $24.08 on 01/16/24. A 50-day SMA is recorded $49.42, while a 200-day SMA reached $32.07. Nevertheless, trading volume fell to 0.36 million shares from 0.68 million shares the previous day.
Support And Resistance Levels for Blue Bird Corp (BLBD)
According to the 24-hour chart, there is a support level at 47.19, which, if violated, would cause prices to drop to 46.04. In the upper region, resistance lies at 49.17. The next price resistance is at 49.99. RSI (Relative Strength Index) is 38.24 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.70, which suggests the price will decrease in the coming days. Percent R is at 85.27%, indicating bearish price movement. Stochastics%K at buying indicates that the stock is to be held.
