Blackstone Mortgage Trust Inc’s filing revealed that its Chief Financial Officer Marone Anthony F. JR unloaded Company’s shares for reported $9666.0 on Dec 17 ’24. In the deal valued at $18.80 per share,514 shares were sold. As a result of this transaction, Marone Anthony F. JR now holds 67,121 shares worth roughly $1.25 million.
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Then, Marone Anthony F. JR bought 514 shares, generating $9,666 in total proceeds.
Before that, Marone Anthony F. JR sold 482 shares. Blackstone Mortgage Trust Inc shares valued at $9,189 were divested by the Chief Financial Officer at a price of $19.07 per share. As a result of the transaction, Marone Anthony F. JR now holds 55,635 shares, worth roughly $1.04 million.
Wolfe Research upgraded its Blackstone Mortgage Trust Inc [BXMT] rating to an Outperform from a a Peer perform in a research note published recently. Wolfe Research began covering BXMT with “Peer perform” recommendation on June 25, 2024. BofA Securities revised its rating on March 04, 2024. It rated BXMT as “a Neutral” which previously was an “a Buy”.
Price Performance Review of BXMT
On Tuesday, Blackstone Mortgage Trust Inc [NYSE:BXMT] saw its stock fall -2.41% to $18.65. Over the last five days, the stock has lost -1.53%. Blackstone Mortgage Trust Inc shares have fallen nearly -12.32% since the year began. Nevertheless, the stocks have fallen -16.93% over the past one year. While a 52-week high of $23.10 was reached on 01/11/24, a 52-week low of $16.53 was recorded on 08/05/24. SMA at 50 days reached $18.63, while 200 days put it at $18.48.
Levels Of Support And Resistance For BXMT Stock
The 24-hour chart illustrates a support level at 18.41, which if violated will result in even more drops to 18.16. On the upside, there is a resistance level at 19.01. A further resistance level may holdings at 19.36. The Relative Strength Index (RSI) on the 14-day chart is 45.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.32%. Stochastics %K at 50.42% indicates the stock is a holding.
How much short interest is there in Blackstone Mortgage Trust Inc?
A steep rise in short interest was recorded in Blackstone Mortgage Trust Inc stocks on 2024-11-29, dropping by -2.11 million shares to a total of 21.29 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 23.41 million shares. There was a decline of -9.93%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 06, 2023 when UBS began covering the stock and recommended ‘”a Neutral”‘ rating along with a $23.50 price target.
