Blend Labs Inc’s recently made public that its HEAD OF FINANCE AND ADMIN. Jafari Amir acquired Company’s shares for reported $16940.0 on Jul 12 ’24. In the deal valued at $2.54 per share,6,666 shares were bought. As a result of this transaction, Jafari Amir now holds 501,377 shares worth roughly $1.98 million.
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Then, Jafari Amir bought 6,265 shares, generating $16,687 in total proceeds. Upon buying the shares at $2.66, the HEAD OF FINANCE AND ADMIN. now owns 494,711 shares.
Before that, Ghamsari Nima sold 81,434 shares. Blend Labs Inc shares valued at $238,903 were divested by the HEAD OF BLEND at a price of $2.93 per share. As a result of the transaction, Ghamsari Nima now holds 2,103,516 shares, worth roughly $8.31 million.
Canaccord Genuity upgraded its Blend Labs Inc [BLND] rating to a Buy from a a Hold in a research note published on August 12, 2024; the price target was increased to $4.75 from $3. A number of analysts have revised their coverage, including William Blair’s analysts, who increased its forecast for the stock in early August from “a Mkt perform” to “an Outperform”. Wells Fargo also remained covering BLND and has increased its forecast on December 20, 2023 with a “an Overweight” recommendation from previously “an Equal weight” rating. Keefe Bruyette revised its rating on November 14, 2022. It rated BLND as “a Mkt perform” which previously was an “an Underperform”.
Price Performance Review of BLND
On Friday, Blend Labs Inc [NYSE:BLND] saw its stock fall -1.74% to $3.95. Over the last five days, the stock has gained 19.70%. Blend Labs Inc shares have risen nearly 54.90% since the year began. Nevertheless, the stocks have risen 216.00% over the past one year. While a 52-week high of $4.22 was reached on 08/15/24, a 52-week low of $1.03 was recorded on 06/26/24. SMA at 50 days reached $2.78, while 200 days put it at $2.50.
Levels Of Support And Resistance For BLND Stock
The 24-hour chart illustrates a support level at 3.80, which if violated will result in even more drops to 3.65. On the upside, there is a resistance level at 4.14. A further resistance level may holdings at 4.32. The Relative Strength Index (RSI) on the 14-day chart is 69.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 14.36%. Stochastics%K at 80.96% indicates the stock is a selling.
How much short interest is there in Blend Labs Inc?
A steep rise in short interest was recorded in Blend Labs Inc stocks on 2024-07-31, growing by 6.21 million shares to a total of 14.68 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 8.47 million shares. There was a rise of 42.3%, which implies that there is a positive sentiment for the stock.
