Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Backblaze Inc shares valued at $66,261 were sold by Budman Gleb on Nov 26 ’24. At $6.42 per share, Budman Gleb sold 10,321 shares. The insider’s holdings dropped to 1,864,646 shares worth approximately $12.81 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Cessna Tina sold 8,874 shares, netting a total of over 56,971 in proceeds. Following the sale of shares at $6.42 each, the insider now holds 144,566 shares.
Before that, Budman Gleb had sold 4,527 shares from its account. In a trade valued at $29,199, the CEO and Chairperson traded Backblaze Inc shares for $6.45 each. Upon closing the transaction, the insider’s holdings decreased to 4,527 shares, worth approximately $12.88 million.
As published in their initiating research note from William Blair on December 06, 2021, Backblaze Inc [BLZE] has been an Outperform. Analysts at Raymond James started covering the stock with ‘”an Outperform”‘ outlook in a report released in early December. As of December 06, 2021, Oppenheimer has initiated its “an Outperform” rating for BLZE. Earlier on December 06, 2021, Lake Street initiated its rating. Their recommendation was “a Buy” for BLZE stock.
Analyzing BLZE Stock Performance
During the last five days, there has been a surge of approximately 8.87%. Over the course of the year, Backblaze Inc shares have dropped approximately -9.49%. Shares of the company reached a 52-week high of $12.65 on 03/08/24 and a 52-week low of $4.91 on 08/06/24. A 50-day SMA is recorded $6.82, while a 200-day SMA reached $7.46. Nevertheless, trading volume fell to 0.59 million shares from 1.42 million shares the previous day.
Support And Resistance Levels for Backblaze Inc (BLZE)
According to the 24-hour chart, there is a support level at 6.77, which, if violated, would cause prices to drop to 6.66. In the upper region, resistance lies at 6.99. The next price resistance is at 7.10. RSI (Relative Strength Index) is 53.17 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.40, which suggests the price will decrease in the coming days. Percent R is at 8.67%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
