Bloomin Brands Inc’s recently made public that its Director Kunkel Julie T. acquired Company’s shares for reported $15650.0 on Aug 12 ’24. In the deal valued at $15.65 per share,1,000 shares were bought. As a result of this transaction, Kunkel Julie T. now holds 2,000 shares worth roughly $32500.0.
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JP Morgan downgraded its Bloomin Brands Inc [BLMN] rating to a Neutral from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in early November from “a Strong buy” to “an Outperform”. Deutsche Bank began covering BLMN with “Hold” recommendation on October 19, 2023. William Blair revised its rating on August 02, 2023. It rated BLMN as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of BLMN
On Friday, Bloomin Brands Inc [NASDAQ:BLMN] saw its stock fall -2.05% to $16.25. Over the last five days, the stock has gained 1.82%. Bloomin Brands Inc shares have fallen nearly -42.27% since the year began. Nevertheless, the stocks have fallen -30.67% over the past one year. While a 52-week high of $30.12 was reached on 03/08/24, a 52-week low of $15.14 was recorded on 10/10/24. SMA at 50 days reached $16.59, while 200 days put it at $21.73.
Levels Of Support And Resistance For BLMN Stock
The 24-hour chart illustrates a support level at 16.03, which if violated will result in even more drops to 15.81. On the upside, there is a resistance level at 16.64. A further resistance level may holdings at 17.03. The Relative Strength Index (RSI) on the 14-day chart is 48.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.63%. Stochastics %K at 65.06% indicates the stock is a holding.
How much short interest is there in Bloomin Brands Inc?
A steep rise in short interest was recorded in Bloomin Brands Inc stocks on 2024-10-15, dropping by -1.38 million shares to a total of 8.06 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 9.44 million shares. There was a decline of -17.17%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 18, 2023 when Piper Sandler began covering the stock and recommended ‘”a Neutral”‘ rating along with a $28 price target.
