In a filing, Blend Labs Inc revealed its PRINCIPAL ACCOUNTING OFFICER Tkach Oxana unloaded Company’s shares for reported $88076.0 on Aug 30 ’24. In the deal valued at $3.71 per share,23,749 shares were sold. As a result of this transaction, Tkach Oxana now holds 88,700 shares worth roughly $0.31 million.
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Then, Tkach Oxana bought 23,749 shares, generating $88,076 in total proceeds.
Before that, Jafari Amir bought 6,666 shares. Blend Labs Inc shares valued at $16,940 were divested by the HEAD OF FINANCE AND ADMIN. at a price of $2.54 per share. As a result of the transaction, Jafari Amir now holds 501,377 shares, worth roughly $1.75 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 Tuesday, Blend Labs Inc [NYSE:BLND] saw its stock fall -4.63% to $3.50. Over the last five days, the stock has lost -5.41%. Blend Labs Inc shares have risen nearly 37.25% since the year began. Nevertheless, the stocks have risen 201.72% over the past one year. While a 52-week high of $4.22 was reached on 08/15/24, a 52-week low of $1.08 was recorded on 06/26/24. SMA at 50 days reached $3.06, while 200 days put it at $2.64.
Levels Of Support And Resistance For BLND Stock
The 24-hour chart illustrates a support level at 3.41, which if violated will result in even more drops to 3.33. On the upside, there is a resistance level at 3.62. A further resistance level may holdings at 3.75. The Relative Strength Index (RSI) on the 14-day chart is 50.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.94%. Stochastics %K at 24.32% indicates the stock is a holding.
How much short interest is there in Blend Labs Inc?
A steep rise in short interest was recorded in Blend Labs Inc stocks on 2024-08-15, dropping by -0.45 million shares to a total of 14.55 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 15.01 million shares. There was a decline of -3.12%, which implies that there is a negative sentiment for the stock.
