Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Bloomin Brands Inc shares valued at $15,650 were purchased by Kunkel Julie T. on Aug 12 ’24. At $15.65 per share, Kunkel Julie T. acquired 1,000 shares. The insider’s holdings grew to 2,000 shares worth approximately $25180.0 following the completion of this transaction.
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As published in a research note from Raymond James on November 11, 2024, Bloomin Brands Inc [BLMN] has been rated down from an Outperform to a Mkt perform. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in late January. As of November 06, 2023, Raymond James has decreased its “Strong buy” rating to a “an Outperform” for BLMN. Earlier on October 19, 2023, Deutsche Bank initiated its rating. Their recommendation was “a Hold” for BLMN stock.
Analyzing BLMN Stock Performance
During the last five days, there has been a drop of approximately -7.08%. Over the course of the year, Bloomin Brands Inc shares have dropped approximately -55.28%. Shares of the company reached a 52-week high of $30.13 on 03/08/24 and a 52-week low of $12.26 on 11/20/24. A 50-day SMA is recorded $15.83, while a 200-day SMA reached $20.94. Nevertheless, trading volume fell to 1.3 million shares from 1.94 million shares the previous day.
Support And Resistance Levels for Bloomin Brands Inc (BLMN)
According to the 24-hour chart, there is a support level at 12.35, which, if violated, would cause prices to drop to 12.10. In the upper region, resistance lies at 12.74. The next price resistance is at 12.89. RSI (Relative Strength Index) is 29.25 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.78, which suggests the price will decrease in the coming days. Percent R is at 93.70%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
