Blackstone Inc’s recently made public that its Director Baratta Joseph unloaded Company’s shares for reported $17.56 million on Oct 01 ’24. In the deal valued at $150.81 per share,116,448 shares were sold. As a result of this transaction, Baratta Joseph now holds 799,749 shares worth roughly $135.81 million.
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Then, Baratta Joseph bought 116,448 shares, generating $17,561,242 in total proceeds.
Before that, Blackstone Inc. sold 30,539,203 shares. Blackstone Inc shares valued at $506,339,986 were divested by the 10% Owner at a price of $16.58 per share. As a result of the transaction, Blackstone Inc. now holds 31,805 shares, worth roughly $5.4 million.
Piper Sandler downgraded its Blackstone Inc [BX] rating to a Neutral from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in mid September with a ‘”an Overweight”‘ rating. Redburn Atlantic began covering BX with “Neutral” recommendation on August 27, 2024. UBS revised its rating on April 02, 2024. It rated BX as “a Neutral” which previously was an “a Buy”.
Price Performance Review of BX
On Tuesday, Blackstone Inc [NYSE:BX] saw its stock fall -0.09% to $169.81. Over the last five days, the stock has gained 0.78%. Blackstone Inc shares have risen nearly 31.24% since the year began. Nevertheless, the stocks have risen 91.74% over the past one year. While a 52-week high of $175.94 was reached on 10/18/24, a 52-week low of $89.38 was recorded on 01/17/24. SMA at 50 days reached $151.73, while 200 days put it at $132.51.
Levels Of Support And Resistance For BX Stock
The 24-hour chart illustrates a support level at 168.66, which if violated will result in even more drops to 167.52. On the upside, there is a resistance level at 170.44. A further resistance level may holdings at 171.08. The Relative Strength Index (RSI) on the 14-day chart is 67.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.89, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.36%. Stochastics %K at 76.30% indicates the stock is a holding.
How much short interest is there in Blackstone Inc?
A steep rise in short interest was recorded in Blackstone Inc stocks on 2024-10-15, dropping by -1.4 million shares to a total of 17.19 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 18.59 million shares. There was a decline of -8.15%, which implies that there is a negative sentiment for the stock.
