The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Blueprint Medicines Corp shares valued at $1,685,891 were sold by Albers Jeffrey W. on Sep 09 ’24. At $85.57 per share, Albers Jeffrey W. sold 19,702 shares. The insider’s holdings dropped to 157,557 shares worth approximately $14.07 million following the completion of this transaction.
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Also, Albers Jeffrey W. purchased 19,702 shares, netting a total of over 1,685,911 in proceeds.
Before that, Landsittel Michael had sold 4,409 shares from its account. In a trade valued at $419,869, the CHIEF FINANCIAL OFFICER traded Blueprint Medicines Corp shares for $95.23 each. Upon closing the transaction, the insider’s holdings decreased to 4,409 shares, worth approximately $6.0 million.
As published in their initiating research note from Stephens on May 14, 2024, Blueprint Medicines Corp [BPMC] has been an Overweight and the price target has been revised to $140. Analysts at Leerink Partners upgraded the stock from ‘”an Underperform”‘ to ‘”a Market perform”‘ outlook in a report released in early May. As of October 27, 2023, Oppenheimer has increased its “Perform” rating to a “an Outperform” for BPMC. Earlier on August 21, 2023, Needham resumed its rating. Their recommendation was “a Buy” for BPMC stock.
Analyzing BPMC Stock Performance
During the last five days, there has been a surge of approximately 3.20%. Over the course of the year, Blueprint Medicines Corp shares have dropped approximately -3.15%. Shares of the company reached a 52-week high of $121.90 on 07/16/24 and a 52-week low of $72.24 on 02/14/24. A 50-day SMA is recorded $99.23, while a 200-day SMA reached $94.17. Nevertheless, trading volume fell to 0.92 million shares from 0.54 million shares the previous day.
Support And Resistance Levels for Blueprint Medicines Corp (BPMC)
According to the 24-hour chart, there is a support level at 86.67, which, if violated, would cause prices to drop to 84.00. In the upper region, resistance lies at 91.56. The next price resistance is at 93.79. RSI (Relative Strength Index) is 44.87 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.65, which suggests the price will decrease in the coming days. Percent R is at 56.95%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.