BlackLine Inc’s filing revealed that its CHIEF LEGAL AND ADMINISTRATIVE Morgan-Prager Karole unloaded Company’s shares for reported $1.63 million on Oct 18 ’24. In the deal valued at $60.06 per share,27,079 shares were sold. As a result of this transaction, Morgan-Prager Karole now holds 113,865 shares worth roughly $6.49 million.
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 bought 27,079 shares, generating $1,626,469 in total proceeds.
Before that, Morgan-Prager Karole sold 3,927 shares. BlackLine Inc shares valued at $216,731 were divested by the CHIEF LEGAL AND ADMINISTRATIVE at a price of $55.19 per share. As a result of the transaction, Morgan-Prager Karole now holds 113,865 shares, worth roughly $6.49 million.
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 Monday, BlackLine Inc [NASDAQ:BL] saw its stock jump 0.83% to $57.04. Over the last five days, the stock has lost -0.07%. BlackLine Inc shares have fallen nearly -8.65% since the year began. Nevertheless, the stocks have risen 13.69% 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 $52.72, while 200 days put it at $54.90.
Levels Of Support And Resistance For BL Stock
The 24-hour chart illustrates a support level at 56.56, which if violated will result in even more drops to 56.08. On the upside, there is a resistance level at 57.98. A further resistance level may holdings at 58.92. The Relative Strength Index (RSI) on the 14-day chart is 59.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.82%. Stochastics %K at 46.10% 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 2024-10-15, growing by 0.25 million shares to a total of 4.64 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.39 million shares. There was a rise of 5.39%, which implies that there is a positive sentiment for the stock.
