Black Stone Minerals L.P.’s recent filing unveils that its CEO, President, and Chairman Carter Thomas L Jr acquired Company’s shares for reported $1.41 million on Sep 06 ’24. In the deal valued at $14.12 per share,100,000 shares were bought. As a result of this transaction, Carter Thomas L Jr now holds 3,133,128 shares worth roughly $48.12 million.
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Then, Clark Carrie Pearson sold 18,532 shares, generating $274,957 in total proceeds. Upon selling the shares at $14.84, the SVP, Chief Commercial Officer now owns 116,923 shares.
Before that, CARRIE P CLARK bought 18,532 shares. Black Stone Minerals L.P. shares valued at $274,957 were divested by the Officer at a price of $14.84 per share.
Raymond James downgraded its Black Stone Minerals L.P. [BSM] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who decreased its forecast for the stock in early March from “an Overweight” to “a Sector weight”. Raymond James also remained covering BSM and has decreased its forecast on February 06, 2023 with a “an Outperform” recommendation from previously “Strong buy” rating. KeyBanc Capital Markets started covering the stock on September 20, 2022. It rated BSM as “an Overweight”.
Price Performance Review of BSM
On Monday, Black Stone Minerals L.P. [NYSE:BSM] saw its stock jump 0.07% to $15.36. Over the last five days, the stock has gained 1.72%. Black Stone Minerals L.P. shares have fallen nearly -3.76% since the year began. Nevertheless, the stocks have fallen -11.37% over the past one year. While a 52-week high of $18.55 was reached on 05/08/24, a 52-week low of $13.94 was recorded on 08/05/24. SMA at 50 days reached $14.77, while 200 days put it at $15.61.
Levels Of Support And Resistance For BSM Stock
The 24-hour chart illustrates a support level at 15.24, which if violated will result in even more drops to 15.12. On the upside, there is a resistance level at 15.52. A further resistance level may holdings at 15.69. The Relative Strength Index (RSI) on the 14-day chart is 65.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 24.26%. Stochastics %K at 87.47% indicates the stock is a selling.
How much short interest is there in Black Stone Minerals L.P.?
A steep rise in short interest was recorded in Black Stone Minerals L.P. stocks on 2024-09-13, dropping by -0.84 million shares to a total of 3.11 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 3.95 million shares. There was a decline of -26.95%, which implies that there is a negative sentiment for the stock.
