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Potential Price Increase for BXP Inc (BXP) After Recent Insider Activity

BXP Inc’s recently made public that its Senior EVP RITCHEY RAYMOND A unloaded Company’s shares for reported $1.62 million on Sep 09 ’24. In the deal valued at $74.25 per share,21,835 shares were sold. As a result of this transaction, RITCHEY RAYMOND A now holds 0 shares worth roughly $0.0.

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Then, RITCHEY RAYMOND A bought 21,835 shares, generating $1,612,296 in total proceeds.

Before that, Otteni Peter V sold 4,785 shares. BXP Inc shares valued at $351,421 were divested by the Executive Vice President at a price of $73.44 per share. As a result of the transaction, Otteni Peter V now holds 0 shares, worth roughly $0.0.

Compass Point upgraded its BXP Inc [BXP] rating to a Buy from a a Neutral in a research note published on November 14, 2024; the price target was increased to $88 from $80. A number of analysts have revised their coverage, including Scotiabank’s analysts, who decreased its forecast for the stock in early November from “a Sector outperform” to “a Sector perform”. Piper Sandler also remained covering BXP and has increased its forecast on October 23, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. Deutsche Bank started covering the stock on January 30, 2024. It rated BXP as “a Hold”.

Price Performance Review of BXP

On Friday, BXP Inc [NYSE:BXP] saw its stock fall -1.05% to $81.99. Over the last five days, the stock has gained 1.51%. BXP Inc shares have risen nearly 16.84% since the year began. Nevertheless, the stocks have risen 43.84% over the past one year. While a 52-week high of $90.11 was reached on 10/18/24, a 52-week low of $52.69 was recorded on 05/29/24. SMA at 50 days reached $82.41, while 200 days put it at $69.57.

Levels Of Support And Resistance For BXP Stock

The 24-hour chart illustrates a support level at 81.25, which if violated will result in even more drops to 80.51. On the upside, there is a resistance level at 83.27. A further resistance level may holdings at 84.55. The Relative Strength Index (RSI) on the 14-day chart is 51.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.16, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 36.95%. Stochastics %K at 70.82% indicates the stock is a holding.

How much short interest is there in BXP Inc?

A steep rise in short interest was recorded in BXP Inc stocks on 2024-11-15, growing by 1.04 million shares to a total of 7.03 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 5.99 million shares. There was a rise of 14.79%, which implies that there is a positive sentiment for the stock.

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