In a filing, Blend Labs Inc revealed its HEAD OF LEGAL AND PEOPLE Ling Winnie unloaded Company’s shares for reported $25344.0 on Nov 21 ’24. In the deal valued at $5.07 per share,5,000 shares were sold. As a result of this transaction, Ling Winnie now holds 265,881 shares worth roughly $1.38 million.
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Then, Mayopoulos Timothy J sold 42,721 shares, generating $213,622 in total proceeds. Upon selling the shares at $5.00, the Director now owns 387,620 shares.
Before that, Ling Winnie bought 5,000 shares. Blend Labs Inc shares valued at $25,344 were divested by the Officer at a price of $5.07 per share.
Canaccord Genuity upgraded its Blend Labs Inc [BLND] rating to a Buy from a a Hold in a research note published on August 12, 2024; the price target was increased to $4.75 from $3. A number of analysts have revised their coverage, including William Blair’s analysts, who increased its forecast for the stock in early August from “a Mkt perform” to “an Outperform”. Wells Fargo also remained covering BLND and has increased its forecast on December 20, 2023 with a “an Overweight” recommendation from previously “an Equal weight” rating. Keefe Bruyette revised its rating on November 14, 2022. It rated BLND as “a Mkt perform” which previously was an “an Underperform”.
Price Performance Review of BLND
On Friday, Blend Labs Inc [NYSE:BLND] saw its stock fall -0.19% to $5.20. Over the last five days, the stock has gained 20.37%. Blend Labs Inc shares have risen nearly 103.92% since the year began. Nevertheless, the stocks have risen 312.70% over the past one year. While a 52-week high of $5.29 was reached on 11/21/24, a 52-week low of $1.18 was recorded on 06/26/24. SMA at 50 days reached $3.93, while 200 days put it at $3.14.
Levels Of Support And Resistance For BLND Stock
The 24-hour chart illustrates a support level at 5.09, which if violated will result in even more drops to 4.99. On the upside, there is a resistance level at 5.28. A further resistance level may holdings at 5.36. The Relative Strength Index (RSI) on the 14-day chart is 74.70, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 5.39%. Stochastics %K at 95.96% indicates the stock is a selling.
How much short interest is there in Blend Labs Inc?
A steep rise in short interest was recorded in Blend Labs Inc stocks on 2024-10-31, dropping by -3.1 million shares to a total of 12.73 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 15.83 million shares. There was a decline of -24.36%, which implies that there is a negative sentiment for the stock.
