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. Bluebird bio Inc shares valued at $529 were sold by Klima Thomas J on Sep 30 ’24. At $0.53 per share, Klima Thomas J sold 1,006 shares. The insider’s holdings dropped to 170,000 shares worth approximately $83300.0 following the completion of this transaction.
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Also, Obenshain Andrew sold 34,780 shares, netting a total of over 18,270 in proceeds. Following the sale of shares at $0.53 each, the insider now holds 375,218 shares.
Before that, Obenshain Andrew had added 34,780 shares to its account. In a trade valued at $18,086, the Officer bought Bluebird bio Inc shares for $0.52 each.
As published in a research note from JP Morgan on August 15, 2024, Bluebird bio Inc [BLUE] has been rated down from an Overweight to a Neutral. Analysts at HSBC Securities downgraded the stock from ‘”a Hold”‘ to ‘”a Reduce”‘ outlook in a report released in mid December. As of December 08, 2023, Morgan Stanley has increased its “an Underweight” rating to a “an Equal-weight” for BLUE. Earlier on October 17, 2023, Cantor Fitzgerald initiated its rating. Their recommendation was “a Neutral” for BLUE stock.
Analyzing BLUE Stock Performance
During the last five days, there has been a surge of approximately 1.92%. Over the course of the year, Bluebird bio Inc shares have dropped approximately -64.70%. Shares of the company reached a 52-week high of $1.9200 on 02/27/24 and a 52-week low of $0.4529 on 10/02/24. A 50-day SMA is recorded $0.7325, while a 200-day SMA reached $1.0690. Nevertheless, trading volume fell to 8.38 million shares from 7.54 million shares the previous day.
Support And Resistance Levels for Bluebird bio Inc (BLUE)
According to the 24-hour chart, there is a support level at 0.4601, which, if violated, would cause prices to drop to 0.4329. In the upper region, resistance lies at 0.5072. The next price resistance is at 0.5271. RSI (Relative Strength Index) is 37.57 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0137, which suggests the price will decrease in the coming days. Percent R is at 80.63%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
