Blackstone Mortgage Trust Inc’s recent filing unveils that its Chief Financial Officer Marone Anthony F. JR unloaded Company’s shares for reported $9778.0 on Sep 17 ’24. In the deal valued at $19.44 per share,503 shares were sold. As a result of this transaction, Marone Anthony F. JR now holds 56,623 shares worth roughly $1.08 million.
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Then, Marone Anthony F. JR bought 503 shares, generating $9,778 in total proceeds.
Before that, Marone Anthony F. JR sold 491 shares. Blackstone Mortgage Trust Inc shares valued at $8,865 were divested by the Chief Financial Officer at a price of $18.05 per share. As a result of the transaction, Marone Anthony F. JR now holds 57,126 shares, worth roughly $1.09 million.
A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in late June with a ‘”a Peer perform”‘ rating. BofA Securities also remained covering BXMT and has decreased its forecast on March 04, 2024 with a “Neutral” recommendation from previously “Buy” rating. UBS started covering the stock on December 06, 2023. It rated BXMT as “a Neutral”.
Price Performance Review of BXMT
On Friday, Blackstone Mortgage Trust Inc [NYSE:BXMT] saw its stock jump 1.55% to $19.02. Over the last five days, the stock has gained 7.40%. Blackstone Mortgage Trust Inc shares have fallen nearly -10.58% since the year began. Nevertheless, the stocks have fallen -10.49% over the past one year. While a 52-week high of $23.29 was reached on 01/11/24, a 52-week low of $16.53 was recorded on 08/05/24. SMA at 50 days reached $18.44, while 200 days put it at $18.76.
Levels Of Support And Resistance For BXMT Stock
The 24-hour chart illustrates a support level at 18.78, which if violated will result in even more drops to 18.53. On the upside, there is a resistance level at 19.16. A further resistance level may holdings at 19.29. The Relative Strength Index (RSI) on the 14-day chart is 59.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.64, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 2.05%. Stochastics %K at 73.08% indicates the stock is a holding.
How much short interest is there in Blackstone Mortgage Trust Inc?
A steep rise in short interest was recorded in Blackstone Mortgage Trust Inc stocks on 2024-09-30, dropping by -1.79 million shares to a total of 22.99 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 24.78 million shares. There was a decline of -7.79%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 17, 2023 when BTIG Research resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $24.
