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Recent Insider Activity Suggests Potential Gains for BlackSky Technology Inc (BKSY)

BlackSky Technology Inc’s filing revealed that its Director Gordon Susan M. unloaded Company’s shares for reported $4058.0 on Dec 12 ’24. In the deal valued at $10.65 per share,381 shares were sold. As a result of this transaction, Gordon Susan M. now holds 58,551 shares worth roughly $0.71 million.

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Then, Abraham Magid M sold 481 shares, generating $5,123 in total proceeds. Upon selling the shares at $10.65, the Director now owns 49,009 shares.

Before that, DiDomenico David sold 671 shares. BlackSky Technology Inc shares valued at $7,146 were divested by the Director at a price of $10.65 per share. As a result of the transaction, DiDomenico David now holds 143,303 shares, worth roughly $1.75 million.

Craig Hallum upgraded its BlackSky Technology Inc [BKSY] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in early October with a ‘”an Outperform”‘ rating. H.C. Wainwright began covering BKSY with “Buy” recommendation on April 03, 2024. Craig Hallum started covering the stock on July 06, 2023. It rated BKSY as “a Buy”.

Price Performance Review of BKSY

On Tuesday, BlackSky Technology Inc [NYSE:BKSY] saw its stock jump 0.33% to $12.18. Over the last five days, the stock has gained 14.04%. BlackSky Technology Inc shares have risen nearly 8.75% since the year began. Nevertheless, the stocks have risen 26.87% over the past one year. While a 52-week high of $14.16 was reached on 02/28/24, a 52-week low of $3.86 was recorded on 09/25/24. SMA at 50 days reached $8.50, while 200 days put it at $8.73.

Levels Of Support And Resistance For BKSY Stock

The 24-hour chart illustrates a support level at 11.52, which if violated will result in even more drops to 10.87. On the upside, there is a resistance level at 12.66. A further resistance level may holdings at 13.15. The Relative Strength Index (RSI) on the 14-day chart is 66.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.52, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 13.30%. Stochastics %K at 63.38% indicates the stock is a holding.

How much short interest is there in BlackSky Technology Inc?

A steep rise in short interest was recorded in BlackSky Technology Inc stocks on 2024-11-29, dropping by 91469.0 shares to a total of 1.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.62 million shares. There was a decline of -5.97%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on November 07, 2022 when Deutsche Bank began covering the stock and recommended ‘”a Buy”‘ rating along with a $3 price target.

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