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Insider Buying: LEVINE JACK, Blink Charging Co [BLNK] Director invested 20,000 shares

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Blink Charging Co shares valued at $34,000 were purchased by LEVINE JACK on Sep 26 ’24. At $1.70 per share, LEVINE JACK acquired 20,000 shares. The insider’s holdings grew to 175,718 shares worth approximately $0.26 million following the completion of this transaction.

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Also, Peterson Kristina A. sold 24,077 shares, netting a total of over 43,377 in proceeds. Following the sale of shares at $1.80 each, the insider now holds 0 shares.

Before that, Peterson Kristina A. had sold 4,510 shares from its account. In a trade valued at $12,515, the Director traded Blink Charging Co shares for $2.77 each. Upon closing the transaction, the insider’s holdings decreased to 4,510 shares, worth approximately $0.0.

As published in a research note from Needham on November 19, 2024, Blink Charging Co [BLNK] has been rated down from a Buy to a Hold. Analysts at UBS downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid November. As of July 31, 2024, The Benchmark Company has initiated its “Buy” rating for BLNK. Earlier on January 08, 2024, Needham upgraded its rating. Their new recommendation was “a Buy” for BLNK stock which previously was a “a Hold”.

Analyzing BLNK Stock Performance

During the last five days, there has been a drop of approximately -10.71%. Over the course of the year, Blink Charging Co shares have dropped approximately -55.75%. Shares of the company reached a 52-week high of $3.7500 on 07/16/24 and a 52-week low of $1.4600 on 12/18/24. A 50-day SMA is recorded $1.8024, while a 200-day SMA reached $2.4152. Nevertheless, trading volume fell to 6.93 million shares from 3.45 million shares the previous day.

Support And Resistance Levels for Blink Charging Co (BLNK)

According to the 24-hour chart, there is a support level at 1.4167, which, if violated, would cause prices to drop to 1.3333. In the upper region, resistance lies at 1.6267. The next price resistance is at 1.7533. RSI (Relative Strength Index) is 40.20 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0475, which suggests the price will decrease in the coming days. Percent R is at 89.74%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

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