Blackstone Inc’s recent filing unveils that its Officer Baratta Joseph acquired Company’s shares for reported $17.56 million on Oct 01 ’24. In the deal valued at $150.81 per share,116,448 shares were bought.
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Then, Blackstone Inc. sold 30,539,203 shares, generating $506,339,986 in total proceeds. Upon selling the shares at $16.58, the 10% Owner now owns 31,805 shares.
Before that, Finley John G sold 35,000 shares. Blackstone Inc shares valued at $4,610,900 were divested by the Chief Legal Officer at a price of $131.74 per share. As a result of the transaction, Finley John G now holds 429,386 shares, worth roughly $65.2 million.
Wells Fargo initiated its Blackstone Inc [BX] rating to an Overweight in a research note published on September 12, 2024; the price target was $163. A number of analysts have revised their coverage, including Redburn Atlantic’s analysts, who began to cover the stock in late August with a ‘”a Neutral”‘ rating. UBS also remained covering BX and has decreased its forecast on April 02, 2024 with a “Neutral” recommendation from previously “Buy” rating. Citigroup revised its rating on January 19, 2024. It rated BX as “a Neutral” which previously was an “a Buy”.
Price Performance Review of BX
On Tuesday, Blackstone Inc [NYSE:BX] saw its stock fall -0.84% to $151.85. Over the last five days, the stock has lost -3.62%. Blackstone Inc shares have risen nearly 17.36% since the year began. Nevertheless, the stocks have risen 44.00% over the past one year. While a 52-week high of $161.25 was reached on 09/20/24, a 52-week low of $87.55 was recorded on 01/17/24. SMA at 50 days reached $141.93, while 200 days put it at $129.14.
Levels Of Support And Resistance For BX Stock
The 24-hour chart illustrates a support level at 150.12, which if violated will result in even more drops to 148.38. On the upside, there is a resistance level at 153.35. A further resistance level may holdings at 154.84. The Relative Strength Index (RSI) on the 14-day chart is 56.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.70%. Stochastics %K at 62.22% indicates the stock is a holding.
How much short interest is there in Blackstone Inc?
A steep rise in short interest was recorded in Blackstone Inc stocks on 2024-09-13, growing by 1.6 million shares to a total of 18.59 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 16.99 million shares. There was a rise of 8.61%, which implies that there is a positive sentiment for the stock.
