Blackstone Inc’s recent filing unveils that its 10% Owner Blackstone Inc. unloaded Company’s shares for reported $506.34 million on Aug 21 ’24. In the deal valued at $16.58 per share,30,539,203 shares were sold. As a result of this transaction, Blackstone Inc. now holds 31,805 shares worth roughly $4.39 million.
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Then, Finley John G sold 35,000 shares, generating $4,610,900 in total proceeds. Upon selling the shares at $131.74, the Chief Legal Officer now owns 429,386 shares.
Before that, Finley John G bought 35,000 shares. Blackstone Inc shares valued at $4,610,847 were divested by the Officer at a price of $131.74 per share.
Redburn Atlantic initiated its Blackstone Inc [BX] rating to a Neutral in a research note published on August 27, 2024; the price target was $134. A number of analysts have revised their coverage, including UBS’s analysts, who decreased its forecast for the stock in early April from “a Buy” to “a Neutral”. Citigroup also remained covering BX and has decreased its forecast on January 19, 2024 with a “Neutral” recommendation from previously “Buy” rating. Oppenheimer revised its rating on January 11, 2024. It rated BX as “a Perform” which previously was an “an Outperform”.
Price Performance Review of BX
On Tuesday, Blackstone Inc [NYSE:BX] saw its stock fall -2.96% to $138.14. Over the last five days, the stock has lost -2.69%. Blackstone Inc shares have risen nearly 6.76% since the year began. Nevertheless, the stocks have risen 31.95% over the past one year. While a 52-week high of $144.69 was reached on 07/23/24, a 52-week low of $87.55 was recorded on 01/17/24. SMA at 50 days reached $133.06, while 200 days put it at $125.17.
Levels Of Support And Resistance For BX Stock
The 24-hour chart illustrates a support level at 136.10, which if violated will result in even more drops to 134.05. On the upside, there is a resistance level at 141.07. A further resistance level may holdings at 143.99. The Relative Strength Index (RSI) on the 14-day chart is 53.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.68, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 41.51%. Stochastics %K at 84.41% indicates the stock is a selling.
How much short interest is there in Blackstone Inc?
A steep rise in short interest was recorded in Blackstone Inc stocks on 2024-08-15, dropping by -0.5 million shares to a total of 16.99 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 17.49 million shares. There was a decline of -2.95%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on January 04, 2024 when TD Cowen began covering the stock and recommended ‘”a Market perform”‘ rating along with a $118 price target.
