In a filing, Blend Labs Inc revealed its Officer Kneafsey Brian acquired Company’s shares for reported $0.15 million on Dec 17 ’24. In the deal valued at $5.05 per share,30,000 shares were bought.
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Then, Kneafsey Brian sold 30,000 shares, generating $153,576 in total proceeds. Upon selling the shares at $5.12, the Head of Revenue now owns 937,439 shares.
Before that, Ling Winnie sold 15,000 shares. Blend Labs Inc shares valued at $76,050 were divested by the HEAD OF LEGAL AND PEOPLE at a price of $5.07 per share. As a result of the transaction, Ling Winnie now holds 250,881 shares, worth roughly $1.26 million.
Canaccord Genuity upgraded its Blend Labs Inc [BLND] rating to a Buy from a a Hold in a research note published on August 12, 2024; the price target was increased to $4.75 from $3. A number of analysts have revised their coverage, including William Blair’s analysts, who increased its forecast for the stock in early August from “a Mkt perform” to “an Outperform”. Wells Fargo also remained covering BLND and has increased its forecast on December 20, 2023 with a “an Overweight” recommendation from previously “an Equal weight” rating. Keefe Bruyette revised its rating on November 14, 2022. It rated BLND as “a Mkt perform” which previously was an “an Underperform”.
Price Performance Review of BLND
On Tuesday, Blend Labs Inc [NYSE:BLND] saw its stock fall -0.40% to $5.04. Over the last five days, the stock has lost -0.98%. Blend Labs Inc shares have risen nearly 97.65% since the year began. Nevertheless, the stocks have risen 136.62% over the past one year. While a 52-week high of $5.53 was reached on 12/06/24, a 52-week low of $2.08 was recorded on 06/26/24. SMA at 50 days reached $4.35, while 200 days put it at $3.34.
Levels Of Support And Resistance For BLND Stock
The 24-hour chart illustrates a support level at 4.96, which if violated will result in even more drops to 4.89. On the upside, there is a resistance level at 5.14. A further resistance level may holdings at 5.23. The Relative Strength Index (RSI) on the 14-day chart is 55.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.14%. Stochastics %K at 20.33% indicates the stock is a holding.
How much short interest is there in Blend Labs Inc?
A steep rise in short interest was recorded in Blend Labs Inc stocks on 2024-11-29, dropping by -4.83 million shares to a total of 7.89 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 12.73 million shares. There was a decline of -61.24%, which implies that there is a negative sentiment for the stock.
