Blue Bird Corp’s filing revealed that its Chief Executive Officer Horlock Phil unloaded Company’s shares for reported $1.51 million on Sep 16 ’24. In the deal valued at $50.80 per share,29,708 shares were sold. As a result of this transaction, Horlock Phil now holds 299,812 shares worth roughly $13.3 million.
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Then, Horlock Phil sold 30,044 shares, generating $1,478,165 in total proceeds. Upon selling the shares at $49.20, the Chief Executive Officer now owns 299,812 shares.
Before that, Smith Britton sold 2,508 shares. Blue Bird Corp shares valued at $124,923 were divested by the President at a price of $49.81 per share. As a result of the transaction, Smith Britton now holds 80,617 shares, worth roughly $3.58 million.
BTIG Research initiated its Blue Bird Corp [BLBD] rating to a Buy in a research note published on October 09, 2024; the price target was $55. A number of analysts have revised their coverage, including ROTH MKM’s analysts, who decreased its forecast for the stock in early October from “a Buy” to “a Neutral”. Needham also remained covering BLBD and reiterated its “Buy” recommendation on July 17, 2024. Needham started covering the stock on February 29, 2024. It rated BLBD as “a Buy”.
Price Performance Review of BLBD
On Monday, Blue Bird Corp [NASDAQ:BLBD] saw its stock fall -2.36% to $44.35. Over the last five days, the stock has lost -1.33%. Blue Bird Corp shares have risen nearly 64.50% since the year began. Nevertheless, the stocks have risen 140.51% over the past one year. While a 52-week high of $59.40 was reached on 06/12/24, a 52-week low of $17.59 was recorded on 01/16/24. SMA at 50 days reached $47.72, while 200 days put it at $42.58.
Levels Of Support And Resistance For BLBD Stock
The 24-hour chart illustrates a support level at 43.16, which if violated will result in even more drops to 41.97. On the upside, there is a resistance level at 45.65. A further resistance level may holdings at 46.94. The Relative Strength Index (RSI) on the 14-day chart is 42.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.05, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 50.47%. Stochastics %K at 54.96% indicates the stock is a holding.
How much short interest is there in Blue Bird Corp?
A steep rise in short interest was recorded in Blue Bird Corp stocks on 2024-09-30, growing by 0.57 million shares to a total of 2.96 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 2.39 million shares. There was a rise of 19.24%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 11, 2023 when Barclays began covering the stock and recommended ‘”an Overweight”‘ rating along with a $25 price target.
