In a filing, Bluelinx Hldgs Inc revealed its Director Lewis Mitchell B unloaded Company’s shares for reported $0.62 million on Mar 15 ’24. In the deal valued at $116.33 per share,5,352 shares were sold. As a result of this transaction, Lewis Mitchell B now holds 33,476 shares worth roughly $3.3 million.
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Then, Lewis Mitchell B sold 844 shares, generating $100,377 in total proceeds. Upon selling the shares at $118.93, the Director now owns 0 shares.
Before that, Lewis Mitchell B sold 314 shares. Bluelinx Hldgs Inc shares valued at $37,394 were divested by the Director at a price of $119.09 per share. As a result of the transaction, Lewis Mitchell B now holds 38,828 shares, worth roughly $3.83 million.
Seaport Research Partners initiated its Bluelinx Hldgs Inc [BXC] rating to a Buy in a research note published on July 25, 2022; the price target was $100. A number of analysts have revised their coverage, including DA Davidson’s analysts, who began to cover the stock in mid December with a ‘”a Buy”‘ rating. Loop Capital also remained covering BXC and has increased its forecast on November 04, 2021 with a “Buy” recommendation from previously “Hold” rating. Loop Capital started covering the stock on July 23, 2021. It rated BXC as “a Hold”.
Price Performance Review of BXC
On Tuesday, Bluelinx Hldgs Inc [NYSE:BXC] saw its stock jump 5.48% to $98.68. Over the last five days, the stock has gained 0.07%. Bluelinx Hldgs Inc shares have fallen nearly -12.91% since the year began. Nevertheless, the stocks have risen 18.78% over the past one year. While a 52-week high of $132.67 was reached on 03/04/24, a 52-week low of $67.76 was recorded on 07/02/24. SMA at 50 days reached $101.34, while 200 days put it at $106.02.
Levels Of Support And Resistance For BXC Stock
The 24-hour chart illustrates a support level at 95.29, which if violated will result in even more drops to 91.90. On the upside, there is a resistance level at 100.44. A further resistance level may holdings at 102.20. The Relative Strength Index (RSI) on the 14-day chart is 43.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -11.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.15%. Stochastics%K at 9.07% indicates the stock is a buying.
How much short interest is there in Bluelinx Hldgs Inc?
A steep rise in short interest was recorded in Bluelinx Hldgs Inc stocks on
The most recent change occurred on February 12, 2021 when The Benchmark Company began covering the stock and recommended ‘”a Buy”‘ rating along with a $61 price target.
