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Insider Sale Alert: BlackSky Technology Inc [BKSY] – Is it Time to sell?

CHWY Stock

BlackSky Technology Inc’s filing revealed that its SVP & Controller Ward Tracy unloaded Company’s shares for reported $8140.0 on Sep 10 ’24. In the deal valued at $5.86 per share,1,389 shares were sold. As a result of this transaction, Ward Tracy now holds 33,793 shares worth roughly $0.18 million.

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Then, O’Toole Brian E sold 24,352 shares, generating $175,091 in total proceeds. Upon selling the shares at $7.19, the CEO and President now owns 479,785 shares.

Before that, Dubois Henry Edward sold 23,590 shares. BlackSky Technology Inc shares valued at $169,612 were divested by the Chief Financial Officer at a price of $7.19 per share. As a result of the transaction, Dubois Henry Edward now holds 231,645 shares, worth roughly $1.26 million.

Craig Hallum upgraded its BlackSky Technology Inc [BKSY] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in early October with a ‘”an Outperform”‘ rating. H.C. Wainwright began covering BKSY with “Buy” recommendation on April 03, 2024. Craig Hallum started covering the stock on July 06, 2023. It rated BKSY as “a Buy”.

Price Performance Review of BKSY

On Friday, BlackSky Technology Inc [NYSE:BKSY] saw its stock jump 8.82% to $5.43. Over the last five days, the stock has gained 21.75%. BlackSky Technology Inc shares have fallen nearly -51.52% since the year began. Nevertheless, the stocks have fallen -39.93% over the past one year. While a 52-week high of $14.16 was reached on 02/28/24, a 52-week low of $3.86 was recorded on 09/25/24. SMA at 50 days reached $7.42, while 200 days put it at $9.38.

Levels Of Support And Resistance For BKSY Stock

The 24-hour chart illustrates a support level at 5.06, which if violated will result in even more drops to 4.70. On the upside, there is a resistance level at 5.87. A further resistance level may holdings at 6.32. The Relative Strength Index (RSI) on the 14-day chart is 43.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.42%. Stochastics %K at 47.64% indicates the stock is a holding.

How much short interest is there in BlackSky Technology Inc?

A steep rise in short interest was recorded in BlackSky Technology Inc stocks on 2024-09-13, growing by 0.13 million shares to a total of 0.82 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 0.69 million shares. There was a rise of 15.5%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on November 07, 2022 when Deutsche Bank began covering the stock and recommended ‘”a Buy”‘ rating along with a $3 price target.

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