Broadstone Net Lease Inc’s filing revealed that its SVP – Human Resources & Admin Wiegel Molly unloaded Company’s shares for reported $97838.0 on May 14 ’24. In the deal valued at $15.48 per share,6,320 shares were sold. As a result of this transaction, Wiegel Molly now holds 56,680 shares worth roughly $1.0 million.
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Then, NARASIMHAN SHEKAR bought 5,000 shares, generating $74,350 in total proceeds. Upon buying the shares at $14.87, the Director now owns 5,000 shares.
Before that, COKE MICHAEL A bought 10,000 shares. Broadstone Net Lease Inc shares valued at $146,720 were divested by the Director at a price of $14.67 per share. As a result of the transaction, COKE MICHAEL A now holds 34,817 shares, worth roughly $0.61 million.
Wedbush initiated its Broadstone Net Lease Inc [BNL] rating to an Outperform in a research note published recently. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who began to cover the stock in mid June with a ‘”a Sector weight”‘ rating. Wolfe Research also remained covering BNL and has decreased its forecast on April 09, 2024 with a “Peer perform” recommendation from previously “an Outperform” rating. Goldman started covering the stock on March 07, 2024. It rated BNL as “a Sell”.
Price Performance Review of BNL
On Tuesday, Broadstone Net Lease Inc [NYSE:BNL] saw its stock jump 0.57% to $17.64. Over the last five days, the stock has lost -2.00%. Broadstone Net Lease Inc shares have risen nearly 2.44% since the year began. Nevertheless, the stocks have risen 18.07% over the past one year. While a 52-week high of $19.15 was reached on 09/30/24, a 52-week low of $14.20 was recorded on 04/18/24. SMA at 50 days reached $18.35, while 200 days put it at $16.41.
Levels Of Support And Resistance For BNL Stock
The 24-hour chart illustrates a support level at 17.47, which if violated will result in even more drops to 17.30. On the upside, there is a resistance level at 17.74. A further resistance level may holdings at 17.84. The Relative Strength Index (RSI) on the 14-day chart is 38.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.49, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.82%. Stochastics %K at 8.51% indicates the stock is a buying.
How much short interest is there in Broadstone Net Lease Inc?
A steep rise in short interest was recorded in Broadstone Net Lease Inc stocks on 2024-10-15, dropping by -0.58 million shares to a total of 4.36 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.94 million shares. There was a decline of -13.31%, which implies that there is a negative sentiment for the stock.
