Blackstone Inc’s recent filing unveils 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 $72.94 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 $6.88 million.
Wells Fargo downgraded its Blackstone Inc [BX] rating to an Equal weight from a an Overweight in a research note published on December 12, 2024; the price target was increased to $195 from $188. A number of analysts have revised their coverage, including TD Cowen’s analysts, who increased its forecast for the stock in early December from “a Hold” to “a Buy”. Piper Sandler also remained covering BX and has decreased its forecast on October 09, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. Wells Fargo started covering the stock on September 12, 2024. It rated BX as “an Overweight”.
Price Performance Review of BX
On Friday, Blackstone Inc [NYSE:BX] saw its stock fall -0.99% to $188.42. Over the last five days, the stock has gained 0.76%. Blackstone Inc shares have risen nearly 46.00% since the year began. Nevertheless, the stocks have risen 59.62% over the past one year. While a 52-week high of $200.96 was reached on 11/25/24, a 52-week low of $110.84 was recorded on 01/17/24. SMA at 50 days reached $175.40, while 200 days put it at $141.94.
Levels Of Support And Resistance For BX Stock
The 24-hour chart illustrates a support level at 187.05, which if violated will result in even more drops to 185.67. On the upside, there is a resistance level at 190.98. A further resistance level may holdings at 193.54. The Relative Strength Index (RSI) on the 14-day chart is 56.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.53, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bearish at 75.45%. Stochastics %K at 36.32% 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.
The most recent change occurred on August 27, 2024 when Redburn Atlantic began covering the stock and recommended ‘”a Neutral”‘ rating along with a $134 price target.
