Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Blackstone Mortgage Trust Inc shares valued at $9,778 were sold by Marone Anthony F. JR on Sep 17 ’24. At $19.44 per share, Marone Anthony F. JR sold 503 shares. The insider’s holdings dropped to 56,623 shares worth approximately $1.11 million following the completion of this transaction.
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Also, Marone Anthony F. JR purchased 503 shares, netting a total of over 9,778 in proceeds.
Before that, Marone Anthony F. JR had sold 491 shares from its account. In a trade valued at $8,865, the Chief Financial Officer traded Blackstone Mortgage Trust Inc shares for $18.05 each. Upon closing the transaction, the insider’s holdings decreased to 491 shares, worth approximately $1.12 million.
Analysts at Wolfe Research started covering the stock with ‘”a Peer perform”‘ outlook in a report released in late June. As of March 04, 2024, BofA Securities has decreased its “Buy” rating to a “Neutral” for BXMT. Earlier on December 06, 2023, UBS initiated its rating. Their recommendation was “a Neutral” for BXMT stock.
Analyzing BXMT Stock Performance
During the last five days, there has been a surge of approximately 6.40%. Over the course of the year, Blackstone Mortgage Trust Inc shares have dropped approximately -7.80%. Shares of the company reached a 52-week high of $22.04 on 01/11/24 and a 52-week low of $16.53 on 08/05/24. A 50-day SMA is recorded $18.26, while a 200-day SMA reached $19.13. Nevertheless, trading volume fell to 2.22 million shares from 1.28 million shares the previous day.
Support And Resistance Levels for Blackstone Mortgage Trust Inc (BXMT)
According to the 24-hour chart, there is a support level at 19.40, which, if violated, would cause prices to drop to 19.20. In the upper region, resistance lies at 19.83. The next price resistance is at 20.06. RSI (Relative Strength Index) is 72.61 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.80, which suggests the price will decrease in the coming days. Percent R is at 12.90%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
