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Keeping an Eye on Blade Air Mobility Inc (BLDE) After Insider Trading Activity

Blade Air Mobility Inc’s recently made public that its Chief Accounting Officer Cohen Amir unloaded Company’s shares for reported $13939.0 on Sep 11 ’24. In the deal valued at $2.85 per share,4,891 shares were sold. As a result of this transaction, Cohen Amir now holds 74,591 shares worth roughly $0.26 million.

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Then, Wunsch Scott M sold 7,741 shares, generating $22,062 in total proceeds. Upon selling the shares at $2.85, the CEO, Trinity Air Medical now owns 284,962 shares.

Before that, Love Reginald bought 5,091 shares. Blade Air Mobility Inc shares valued at $15,197 were divested by the Director at a price of $2.98 per share. As a result of the transaction, Love Reginald now holds 62,628 shares, worth roughly $0.22 million.

Ladenburg Thalmann initiated its Blade Air Mobility Inc [BLDE] rating to a Buy in a research note published on July 18, 2023; the price target was $13. A number of analysts have revised their coverage, including Ladenburg Thalmann’s analysts, who began to cover the stock in mid July with a ‘”a Buy”‘ rating. Oppenheimer began covering BLDE with “an Outperform” recommendation on September 28, 2021. JP Morgan started covering the stock on September 09, 2021. It rated BLDE as “an Overweight”.

Price Performance Review of BLDE

On Tuesday, Blade Air Mobility Inc [NASDAQ:BLDE] saw its stock jump 0.58% to $3.47. Over the last five days, the stock has gained 13.77%. Blade Air Mobility Inc shares have fallen nearly -1.70% since the year began. Nevertheless, the stocks have risen 42.80% over the past one year. While a 52-week high of $4.24 was reached on 03/11/24, a 52-week low of $2.06 was recorded on 03/19/24. SMA at 50 days reached $3.07, while 200 days put it at $3.22.

Levels Of Support And Resistance For BLDE Stock

The 24-hour chart illustrates a support level at 3.42, which if violated will result in even more drops to 3.37. On the upside, there is a resistance level at 3.52. A further resistance level may holdings at 3.58. The Relative Strength Index (RSI) on the 14-day chart is 63.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 10.20%. Stochastics %K at 90.03% indicates the stock is a selling.

How much short interest is there in Blade Air Mobility Inc?

A steep rise in short interest was recorded in Blade Air Mobility Inc stocks on 2024-09-13, dropping by -0.39 million shares to a total of 3.89 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 4.28 million shares. There was a decline of -10.02%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on September 01, 2021 when Deutsche Bank began covering the stock and recommended ‘”a Buy”‘ rating along with a $15 price target.

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