Blackstone Inc’s recently made public that its Chief Legal Officer Finley John G unloaded Company’s shares for reported $7.43 million on Nov 07 ’24. In the deal valued at $175.94 per share,42,249 shares were sold. As a result of this transaction, Finley John G now holds 387,137 shares worth roughly $73.39 million.
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Then, Finley John G bought 42,249 shares, generating $7,433,086 in total proceeds.
Before that, Porat Ruth bought 175 shares. Blackstone Inc shares valued at $29,525 were divested by the Director at a price of $169.00 per share. As a result of the transaction, Porat Ruth now holds 36,528 shares, worth roughly $6.92 million.
TD Cowen upgraded its Blackstone Inc [BX] rating to a Buy from a a Hold in a research note published on December 09, 2024; the price target was increased to $230 from $149. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in early October from “an Overweight” to “a Neutral”. Wells Fargo began covering BX with “an Overweight” recommendation on September 12, 2024. Redburn Atlantic started covering the stock on August 27, 2024. It rated BX as “a Neutral”.
Price Performance Review of BX
On Tuesday, Blackstone Inc [NYSE:BX] saw its stock jump 2.28% to $189.57. Over the last five days, the stock has gained 1.83%. Blackstone Inc shares have risen nearly 46.89% since the year began. Nevertheless, the stocks have risen 70.83% over the past one year. While a 52-week high of $200.96 was reached on 11/25/24, a 52-week low of $110.50 was recorded on 01/17/24. SMA at 50 days reached $173.08, while 200 days put it at $140.99.
Levels Of Support And Resistance For BX Stock
The 24-hour chart illustrates a support level at 185.83, which if violated will result in even more drops to 182.09. On the upside, there is a resistance level at 192.46. A further resistance level may holdings at 195.35. The Relative Strength Index (RSI) on the 14-day chart is 60.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.14%. Stochastics %K at 31.44% indicates the stock is a holding.
How much short interest is there in Blackstone Inc?
A steep rise in short interest was recorded in Blackstone Inc stocks on 2024-11-29, dropping by -3.22 million shares to a total of 16.43 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 19.65 million shares. There was a decline of -19.58%, which implies that there is a negative sentiment for the stock.
