Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Blink Charging Co shares valued at $12,515 were sold by Peterson Kristina A. on Jun 25 ’24. At $2.77 per share, Peterson Kristina A. sold 4,510 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, FARKAS MICHAEL D sold 52,000 shares, netting a total of over 158,184 in proceeds. Following the sale of shares at $3.04 each, the insider now holds 2,578,616 shares.
Before that, FARKAS MICHAEL D had sold 26,000 shares from its account. In a trade valued at $81,692, the Former Director Chairman & CEO traded Blink Charging Co shares for $3.14 each. Upon closing the transaction, the insider’s holdings decreased to 26,000 shares, worth approximately $4.37 million.
As published in their initiating research note from The Benchmark Company on July 31, 2024, Blink Charging Co [BLNK] has been a Buy and the price target has been revised to $5. Analysts at Needham upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early January. As of September 27, 2023, UBS has initiated its “Buy” rating for BLNK. Earlier on March 28, 2023, Barclays initiated its rating. Their recommendation was “an Equal weight” for BLNK stock.
Analyzing BLNK Stock Performance
During the last five days, there has been a drop of approximately -9.29%. Over the course of the year, Blink Charging Co shares have dropped approximately -51.03%. Shares of the company reached a 52-week high of $3.7500 on 07/16/24 and a 52-week low of $1.6500 on 09/05/24. A 50-day SMA is recorded $2.6276, while a 200-day SMA reached $2.8598. Nevertheless, trading volume fell to 2.51 million shares from 4.57 million shares the previous day.
Support And Resistance Levels for Blink Charging Co (BLNK)
According to the 24-hour chart, there is a support level at 1.6367, which, if violated, would cause prices to drop to 1.6133. In the upper region, resistance lies at 1.6967. The next price resistance is at 1.7333. RSI (Relative Strength Index) is 27.53 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.2605, which suggests the price will decrease in the coming days. Percent R is at 98.18%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
