Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Black Stone Minerals L.P shares valued at $1,411,800 were purchased by Carter Thomas L Jr on Sep 06 ’24. At $14.12 per share, Carter Thomas L Jr acquired 100,000 shares. The insider’s holdings grew to 3,133,128 shares worth approximately $48.09 million following the completion of this transaction.
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Also, Clark Carrie Pearson sold 18,532 shares, netting a total of over 274,957 in proceeds. Following the sale of shares at $14.84 each, the insider now holds 116,923 shares.
Before that, CARRIE P CLARK had added 18,532 shares to its account. In a trade valued at $274,957, the Officer bought Black Stone Minerals L.P shares for $14.84 each.
As published in a research note from Raymond James on October 24, 2023, Black Stone Minerals L.P [BSM] has been rated down from an Outperform to a Mkt perform. Analysts at KeyBanc Capital Markets downgraded the stock from ‘”an Overweight”‘ to ‘”a Sector weight”‘ outlook in a report released in early March. As of February 06, 2023, Raymond James has decreased its “Strong buy” rating to a “an Outperform” for BSM. Earlier on September 20, 2022, KeyBanc Capital Markets initiated its rating. Their recommendation was “an Overweight” for BSM stock.
Analyzing BSM Stock Performance
During the last five days, there has been a surge of approximately 0.07%. Over the course of the year, Black Stone Minerals L.P shares have dropped approximately -3.82%. Shares of the company reached a 52-week high of $16.92 on 05/08/24 and a 52-week low of $13.94 on 08/05/24. A 50-day SMA is recorded $15.03, while a 200-day SMA reached $15.42. Nevertheless, trading volume fell to 0.63 million shares from 0.27 million shares the previous day.
Support And Resistance Levels for Black Stone Minerals L.P (BSM)
According to the 24-hour chart, there is a support level at 15.18, which, if violated, would cause prices to drop to 15.01. In the upper region, resistance lies at 15.45. The next price resistance is at 15.55. RSI (Relative Strength Index) is 58.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.05, which suggests the price will decrease in the coming days. Percent R is at 18.29%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
