In a filing, Blue Bird Corp revealed its Chief Executive Officer Horlock Phil unloaded Company’s shares for reported $1.57 million on Aug 26 ’24. In the deal valued at $48.93 per share,32,159 shares were sold. As a result of this transaction, Horlock Phil now holds 299,812 shares worth roughly $13.54 million.
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Then, Horlock Phil sold 16,080 shares, generating $761,227 in total proceeds. Upon selling the shares at $47.34, the Chief Executive Officer now owns 331,971 shares.
Before that, Horlock Phil bought 55,399 shares. Blue Bird Corp shares valued at $2,603,753 were divested by the Officer at a price of $47.00 per share.
Needham reiterated its Blue Bird Corp [BLBD] rating to a Buy in a research note published on July 17, 2024; the price target was $65. A number of analysts have revised their coverage, including Needham’s analysts, who began to cover the stock in late February with a ‘”a Buy”‘ rating. Barclays began covering BLBD with “an Overweight” recommendation on September 11, 2023. R. F. Lafferty started covering the stock on September 06, 2023. It rated BLBD as “a Buy”.
Price Performance Review of BLBD
On Tuesday, Blue Bird Corp [NASDAQ:BLBD] saw its stock fall -1.57% to $45.15. Over the last five days, the stock has lost -6.87%. Blue Bird Corp shares have risen nearly 67.47% since the year began. Nevertheless, the stocks have risen 109.42% over the past one year. While a 52-week high of $59.40 was reached on 06/12/24, a 52-week low of $17.59 was recorded on 01/16/24. SMA at 50 days reached $48.97, while 200 days put it at $39.07.
Levels Of Support And Resistance For BLBD Stock
The 24-hour chart illustrates a support level at 44.55, which if violated will result in even more drops to 43.96. On the upside, there is a resistance level at 46.08. A further resistance level may holdings at 47.02. The Relative Strength Index (RSI) on the 14-day chart is 39.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.88%. Stochastics %K at 6.49% indicates the stock is a buying.
How much short interest is there in Blue Bird Corp?
A steep rise in short interest was recorded in Blue Bird Corp stocks on 2024-08-15, growing by 0.29 million shares to a total of 2.22 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 1.93 million shares. There was a rise of 13.0%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on August 18, 2023 when BofA Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $26.50 price target.
