The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. BlackSky Technology Inc shares valued at $8,140 were sold by Ward Tracy on Sep 10 ’24. At $5.86 per share, Ward Tracy sold 1,389 shares. The insider’s holdings dropped to 33,793 shares worth approximately $0.25 million following the completion of this transaction.
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Also, O’Toole Brian E sold 24,352 shares, netting a total of over 175,091 in proceeds. Following the sale of shares at $7.19 each, the insider now holds 479,785 shares.
Before that, Dubois Henry Edward had sold 23,590 shares from its account. In a trade valued at $169,612, the Chief Financial Officer traded BlackSky Technology Inc shares for $7.19 each. Upon closing the transaction, the insider’s holdings decreased to 23,590 shares, worth approximately $1.71 million.
As published in a research note from Craig Hallum on October 04, 2024, BlackSky Technology Inc [BKSY] has been rated up from a Hold to a Buy and the price target has been revised to $10. Analysts at Oppenheimer started covering the stock with ‘”an Outperform”‘ outlook in a report released in early October. As of April 03, 2024, H.C. Wainwright has initiated its “Buy” rating for BKSY. Earlier on July 06, 2023, Craig Hallum initiated its rating. Their recommendation was “a Buy” for BKSY stock.
Analyzing BKSY Stock Performance
During the last five days, there has been a drop of approximately -2.25%. Over the course of the year, BlackSky Technology Inc shares have dropped approximately -33.93%. Shares of the company reached a 52-week high of $14.16 on 02/28/24 and a 52-week low of $3.86 on 09/25/24. A 50-day SMA is recorded $6.19, while a 200-day SMA reached $8.83. Nevertheless, trading volume fell to 1.17 million shares from 0.97 million shares the previous day.
Support And Resistance Levels for BlackSky Technology Inc (BKSY)
According to the 24-hour chart, there is a support level at 7.06, which, if violated, would cause prices to drop to 6.73. In the upper region, resistance lies at 7.81. The next price resistance is at 8.23. RSI (Relative Strength Index) is 57.01 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.23, which suggests the price will decrease in the coming days. Percent R is at 44.98%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
