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Recent Insider Activity Could Benefit Blade Air Mobility Inc (BLDE)

CHWY Stock

Blade Air Mobility Inc’s filing revealed that its Chief Executive Officer WIESENTHAL ROBERT S unloaded Company’s shares for reported $6.76 million on Nov 14 ’24. In the deal valued at $3.22 per share,2,100,000 shares were sold. As a result of this transaction, WIESENTHAL ROBERT S now holds 4,812,892 shares worth roughly $15.88 million.

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Then, Robert S Wiesenthal bought 2,100,000 shares, generating $6,762,000 in total proceeds.

Before that, Tomkiel Melissa M. sold 44,621 shares. Blade Air Mobility Inc shares valued at $151,537 were divested by the President and General Counsel at a price of $3.40 per share. As a result of the transaction, Tomkiel Melissa M. now holds 1,173,003 shares, worth roughly $3.87 million.

Ladenburg Thalmann initiated its Blade Air Mobility Inc [BLDE] rating to a Buy in a research note published on July 18, 2023; the price target was $13. A number of analysts have revised their coverage, including Ladenburg Thalmann’s analysts, who began to cover the stock in mid July with a ‘”a Buy”‘ rating. Oppenheimer began covering BLDE with “an Outperform” recommendation on September 28, 2021. JP Morgan started covering the stock on September 09, 2021. It rated BLDE as “an Overweight”.

Price Performance Review of BLDE

On Friday, Blade Air Mobility Inc [NASDAQ:BLDE] saw its stock unchanged to $3.30. Over the last five days, the stock has gained 4.43%. Blade Air Mobility Inc shares have fallen nearly -6.52% since the year began. Nevertheless, the stocks have risen 3.12% over the past one year. While a 52-week high of $4.24 was reached on 03/11/24, a 52-week low of $2.45 was recorded on 03/19/24. SMA at 50 days reached $3.42, while 200 days put it at $3.29.

Levels Of Support And Resistance For BLDE Stock

The 24-hour chart illustrates a support level at 3.24, which if violated will result in even more drops to 3.19. On the upside, there is a resistance level at 3.38. A further resistance level may holdings at 3.47. The Relative Strength Index (RSI) on the 14-day chart is 44.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.91%. Stochastics %K at 22.83% indicates the stock is a holding.

How much short interest is there in Blade Air Mobility Inc?

A steep rise in short interest was recorded in Blade Air Mobility Inc stocks on 2024-10-31, dropping by -0.16 million shares to a total of 3.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.73 million shares. There was a decline of -4.44%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on September 01, 2021 when Deutsche Bank began covering the stock and recommended ‘”a Buy”‘ rating along with a $15 price target.

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