BlackLine Inc’s recent filing unveils that its Officer Morgan-Prager Karole acquired Company’s shares for reported $16503.0 on Oct 08 ’24. In the deal valued at $55.01 per share,300 shares were bought.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Morgan-Prager Karole sold 5,773 shares, generating $318,323 in total proceeds. Upon selling the shares at $55.14, the CHIEF LEGAL AND ADMINISTRATIVE now owns 113,865 shares.
Before that, Morgan-Prager Karole bought 5,773 shares. BlackLine Inc shares valued at $318,315 were divested by the Officer at a price of $55.14 per share.
Morgan Stanley upgraded its BlackLine Inc [BL] rating to an Overweight from a an Equal-weight in a research note published on September 30, 2024; the price target was increased to $70 from $60. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who increased its forecast for the stock in late April from “an Underweight” to “a Neutral”. Wolfe Research began covering BL with “Peer perform” recommendation on March 18, 2024. William Blair revised its rating on February 14, 2024. It rated BL as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of BL
On Tuesday, BlackLine Inc [NASDAQ:BL] saw its stock jump 0.37% to $54.55. Over the last five days, the stock has gained 0.78%. BlackLine Inc shares have fallen nearly -12.64% since the year began. Nevertheless, the stocks have risen 0.55% over the past one year. While a 52-week high of $69.31 was reached on 03/13/24, a 52-week low of $43.37 was recorded on 08/05/24. SMA at 50 days reached $50.45, while 200 days put it at $55.11.
Levels Of Support And Resistance For BL Stock
The 24-hour chart illustrates a support level at 54.24, which if violated will result in even more drops to 53.93. On the upside, there is a resistance level at 54.97. A further resistance level may holdings at 55.40. The Relative Strength Index (RSI) on the 14-day chart is 64.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.40, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 30.56%. Stochastics %K at 68.17% indicates the stock is a holding.
How much short interest is there in BlackLine Inc?
A steep rise in short interest was recorded in BlackLine Inc stocks on 2024-09-13, dropping by -0.45 million shares to a total of 4.39 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 4.85 million shares. There was a decline of -10.31%, which implies that there is a negative sentiment for the stock.
