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. Blue Bird Corp shares valued at $1,509,166 were sold by Horlock Phil on Sep 16 ’24. At $50.80 per share, Horlock Phil sold 29,708 shares. The insider’s holdings dropped to 299,812 shares worth approximately $12.81 million following the completion of this transaction.
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Also, Horlock Phil sold 30,044 shares, netting a total of over 1,478,165 in proceeds. Following the sale of shares at $49.20 each, the insider now holds 299,812 shares.
Before that, Smith Britton had sold 2,508 shares from its account. In a trade valued at $124,923, the President traded Blue Bird Corp shares for $49.81 each. Upon closing the transaction, the insider’s holdings decreased to 2,508 shares, worth approximately $3.44 million.
As published in a research note from ROTH MKM on October 03, 2024, Blue Bird Corp [BLBD] has been rated down from a Buy to a Neutral and the price target has been revised to $48. Analysts at Needham resumed the stock at ‘”a Buy”‘ outlook in a report released in mid July. As of February 29, 2024, Needham has initiated its “Buy” rating for BLBD. Earlier on September 11, 2023, Barclays initiated its rating. Their recommendation was “an Overweight” for BLBD stock.
Analyzing BLBD Stock Performance
During the last five days, there has been a drop of approximately -16.26%. Over the course of the year, Blue Bird Corp shares have jumped approximately 58.49%. Shares of the company reached a 52-week high of $59.40 on 06/12/24 and a 52-week low of $24.08 on 01/16/24. A 50-day SMA is recorded $49.07, while a 200-day SMA reached $41.53. Nevertheless, trading volume fell to 1.42 million shares from 0.42 million shares the previous day.
Support And Resistance Levels for Blue Bird Corp (BLBD)
According to the 24-hour chart, there is a support level at 41.46, which, if violated, would cause prices to drop to 40.19. In the upper region, resistance lies at 44.37. The next price resistance is at 46.01. RSI (Relative Strength Index) is 31.06 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.11, which suggests the price will decrease in the coming days. Percent R is at 93.46%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
