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Beyond Inc [BYON] stock for 50,468 USD was bought by LEMONIS MARCUS

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Beyond Inc shares valued at $50,468 were purchased by LEMONIS MARCUS on Jun 14 ’24. At $13.64 per share, LEMONIS MARCUS acquired 3,700 shares. The insider’s holdings grew to 197,593 shares worth approximately $2.49 million following the completion of this transaction.

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Also, LEMONIS MARCUS purchased 6,920 shares, netting a total of over 97,780 in proceeds. Following the buying of shares at $14.13 each, the insider now holds 193,893 shares.

Before that, LEMONIS MARCUS had added 17,075 shares to its account. In a trade valued at $249,466, the EXECUTIVE CHAIRMAN OF BOARD bought Beyond Inc shares for $14.61 each. Upon closing the transaction, the insider’s holdings increased to 17,075 shares, worth approximately $2.36 million.

As published in a research note from Maxim Group on May 08, 2024, Beyond Inc [BYON] has been retained to a Buy and the price target has been revised to $36. Analysts at Needham downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early May. As of April 17, 2024, Maxim Group has initiated its “Buy” rating for BYON. Earlier on February 01, 2024, Compass Point initiated its rating. Their recommendation was “a Buy” for BYON stock.

Analyzing BYON Stock Performance

During the last five days, there has been a surge of approximately 0.88%. Over the course of the year, Beyond Inc shares have dropped approximately -54.50%. Shares of the company reached a 52-week high of $37.10 on 03/27/24 and a 52-week low of $12.18 on 06/28/24. A 50-day SMA is recorded $16.47, while a 200-day SMA reached $21.79. Nevertheless, trading volume fell to 0.95 million shares from 1.72 million shares the previous day.

Support And Resistance Levels for Beyond Inc (BYON)

According to the 24-hour chart, there is a support level at 12.28, which, if violated, would cause prices to drop to 12.06. In the upper region, resistance lies at 12.84. The next price resistance is at 13.18. RSI (Relative Strength Index) is 30.69 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.37, which suggests the price will decrease in the coming days. Percent R is at 89.97%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

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