The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Blue Bird Corp shares valued at $1,509,166 were sold by Horlock Phil on Sep 16 ’24. At $50.80 per share, Horlock Phil sold 29,708 shares. The insider’s holdings dropped to 299,812 shares worth approximately $12.17 million following the completion of this transaction.
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Also, Horlock Phil sold 30,044 shares, netting a total of over 1,478,165 in proceeds. Following the sale of shares at $49.20 each, the insider now holds 299,812 shares.
Before that, Smith Britton had sold 2,508 shares from its account. In a trade valued at $124,923, the President traded Blue Bird Corp shares for $49.81 each. Upon closing the transaction, the insider’s holdings decreased to 2,508 shares, worth approximately $3.27 million.
As published in their initiating research note from BTIG Research on October 09, 2024, Blue Bird Corp [BLBD] has been a Buy and the price target has been revised to $55. Analysts at ROTH MKM downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early October. As of July 17, 2024, Needham has reiterated its “Buy” rating for BLBD. Earlier on February 29, 2024, Needham initiated its rating. Their recommendation was “a Buy” for BLBD stock.
Analyzing BLBD Stock Performance
During the last five days, there has been a surge of approximately 3.28%. Over the course of the year, Blue Bird Corp shares have jumped approximately 50.56%. Shares of the company reached a 52-week high of $59.40 on 06/12/24 and a 52-week low of $24.08 on 01/16/24. A 50-day SMA is recorded $43.76, while a 200-day SMA reached $44.38. Nevertheless, trading volume fell to 0.76 million shares from 1.74 million shares the previous day.
Support And Resistance Levels for Blue Bird Corp (BLBD)
According to the 24-hour chart, there is a support level at 39.59, which, if violated, would cause prices to drop to 38.59. In the upper region, resistance lies at 41.66. The next price resistance is at 42.73. RSI (Relative Strength Index) is 46.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.37, which suggests the price will increase in the coming days. Percent R is at 44.06%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
