In a filing, Bioventus Inc revealed its Director Bartholdson John A. acquired Company’s shares for reported $0.68 million on Aug 16 ’24. In the deal valued at $8.55 per share,80,000 shares were bought. As a result of this transaction, Bartholdson John A. now holds 6,913,857 shares worth roughly $ 72.6 million.
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Then, Bartholdson John A. bought 25,500 shares, generating $217,966 in total proceeds. Upon buying the shares at $8.55, the Director now owns 6,939,357 shares.
Before that, Singleton Mark Leonard sold 9,219 shares. Bioventus Inc shares valued at $51,350 were divested by the SVP & CFO at a price of $5.57 per share. As a result of the transaction, Singleton Mark Leonard now holds 84,895 shares, worth roughly $0.89 million.
Canaccord Genuity upgraded its Bioventus Inc [BVS] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who increased its forecast for the stock in early August from “a Hold” to “a Buy”. Craig Hallum also remained covering BVS and has decreased its forecast on November 22, 2022 with a “Hold” recommendation from previously “Buy” rating. JP Morgan revised its rating on November 09, 2022. It rated BVS as “an Underweight” which previously was an “an Overweight”.
Price Performance Review of BVS
On Monday, Bioventus Inc [NASDAQ:BVS] saw its stock jump 10.18% to $10.50. Over the last five days, the stock has gained 4.48%. Bioventus Inc shares have risen nearly 99.24% since the year began. Nevertheless, the stocks have risen 217.22% over the past one year. While a 52-week high of $10.26 was reached on 09/09/24, a 52-week low of $2.82 was recorded on 04/30/24. SMA at 50 days reached $7.79, while 200 days put it at $5.78.
Levels Of Support And Resistance For BVS Stock
The 24-hour chart illustrates a support level at 9.86, which if violated will result in even more drops to 9.21. On the upside, there is a resistance level at 10.83. A further resistance level may holdings at 11.15. The Relative Strength Index (RSI) on the 14-day chart is 70.33, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 0.36%. Stochastics %K at 82.15% indicates the stock is a selling.
How much short interest is there in Bioventus Inc?
A steep rise in short interest was recorded in Bioventus Inc stocks on 2024-08-15, dropping by 26910.0 shares to a total of 1.61 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 1.63 million shares. There was a decline of -1.67%, which implies that there is a negative sentiment for the stock.
