Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Bloomin Brands Inc shares valued at $15,650 were purchased by Kunkel Julie T. on Aug 12 ’24. At $15.65 per share, Kunkel Julie T. acquired 1,000 shares. The insider’s holdings grew to 2,000 shares worth approximately $33480.0 following the completion of this transaction.
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As published in a research note from JP Morgan on January 23, 2024, Bloomin Brands Inc [BLMN] has been rated down from an Overweight to a Neutral and the price target has been revised to $26. Analysts at Raymond James downgraded the stock from ‘”a Strong buy”‘ to ‘”an Outperform”‘ outlook in a report released in early November. As of October 19, 2023, Deutsche Bank has initiated its “Hold” rating for BLMN. Earlier on August 02, 2023, William Blair downgraded its rating. Their new recommendation was “a Mkt perform” for BLMN stock which previously was a “an Outperform”.
Analyzing BLMN Stock Performance
During the last five days, there has been a surge of approximately 4.10%. Over the course of the year, Bloomin Brands Inc shares have dropped approximately -40.53%. Shares of the company reached a 52-week high of $30.13 on 03/08/24 and a 52-week low of $15.20 on 08/13/24. A 50-day SMA is recorded $17.81, while a 200-day SMA reached $23.29. Nevertheless, trading volume fell to 1.39 million shares from 1.63 million shares the previous day.
Support And Resistance Levels for Bloomin Brands Inc (BLMN)
According to the 24-hour chart, there is a support level at 16.42, which, if violated, would cause prices to drop to 16.10. In the upper region, resistance lies at 17.32. The next price resistance is at 17.91. RSI (Relative Strength Index) is 45.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.24, which suggests the price will decrease in the coming days. Percent R is at 47.72%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
