Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Blade Air Mobility Inc shares valued at $6,762,000 were sold by WIESENTHAL ROBERT S on Nov 14 ’24. At $3.22 per share, WIESENTHAL ROBERT S sold 2,100,000 shares. The insider’s holdings dropped to 4,812,892 shares worth approximately $15.45 million following the completion of this transaction.
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Also, Robert S Wiesenthal purchased 2,100,000 shares, netting a total of over 6,762,000 in proceeds.
Before that, Tomkiel Melissa M. had sold 44,621 shares from its account. In a trade valued at $151,537, the President and General Counsel traded Blade Air Mobility Inc shares for $3.40 each. Upon closing the transaction, the insider’s holdings decreased to 44,621 shares, worth approximately $3.77 million.
As published in their initiating research note from Ladenburg Thalmann on July 18, 2023, Blade Air Mobility Inc [BLDE] has been a Buy and the price target has been revised to $13. Analysts at Ladenburg Thalmann started covering the stock with ‘”a Buy”‘ outlook in a report released in mid July. As of September 28, 2021, Oppenheimer has initiated its “an Outperform” rating for BLDE. Earlier on September 09, 2021, JP Morgan initiated its rating. Their recommendation was “an Overweight” for BLDE stock.
Analyzing BLDE Stock Performance
During the last five days, there has been a drop of approximately -12.30%. Over the course of the year, Blade Air Mobility Inc shares have dropped approximately -9.07%. Shares of the company reached a 52-week high of $4.24 on 03/11/24 and a 52-week low of $2.45 on 03/19/24. A 50-day SMA is recorded $3.41, while a 200-day SMA reached $3.28. Nevertheless, trading volume fell to 0.57 million shares from 0.78 million shares the previous day.
Support And Resistance Levels for Blade Air Mobility Inc (BLDE)
According to the 24-hour chart, there is a support level at 3.16, which, if violated, would cause prices to drop to 3.12. In the upper region, resistance lies at 3.29. The next price resistance is at 3.36. RSI (Relative Strength Index) is 41.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.31, which suggests the price will decrease in the coming days. Percent R is at 83.70%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
