Bloomin Brands Inc’s recently made public that its Director Kunkel Julie T. acquired Company’s shares for reported $15650.0 on Aug 12 ’24. In the deal valued at $15.65 per share,1,000 shares were bought. As a result of this transaction, Kunkel Julie T. now holds 2,000 shares worth roughly $25200.0.
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Goldman initiated its Bloomin Brands Inc [BLMN] rating to a Sell in a research note published on December 05, 2024; the price target was $13. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in mid November from “an Outperform” to “a Mkt perform”. JP Morgan also remained covering BLMN and has decreased its forecast on January 23, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. Raymond James revised its rating on November 06, 2023. It rated BLMN as “an Outperform” which previously was an “a Strong buy”.
Price Performance Review of BLMN
On Tuesday, Bloomin Brands Inc [NASDAQ:BLMN] saw its stock fall -2.78% to $12.60. Over the last five days, the stock has lost -4.33%. Bloomin Brands Inc shares have fallen nearly -55.24% since the year began. Nevertheless, the stocks have fallen -51.85% over the past one year. While a 52-week high of $30.12 was reached on 03/08/24, a 52-week low of $12.18 was recorded on 12/16/24. SMA at 50 days reached $14.57, while 200 days put it at $19.67.
Levels Of Support And Resistance For BLMN Stock
The 24-hour chart illustrates a support level at 12.34, which if violated will result in even more drops to 12.08. On the upside, there is a resistance level at 12.97. A further resistance level may holdings at 13.35. The Relative Strength Index (RSI) on the 14-day chart is 40.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.70%. Stochastics %K at 18.74% indicates the stock is a buying.
How much short interest is there in Bloomin Brands Inc?
A steep rise in short interest was recorded in Bloomin Brands Inc stocks on 2024-11-29, growing by 0.58 million shares to a total of 8.11 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 7.54 million shares. There was a rise of 7.11%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 19, 2023 when Deutsche Bank began covering the stock and recommended ‘”a Hold”‘ rating along with a $25 price target.
