Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Blue Bird Corp shares valued at $822,244 were sold by Radulescu Razvan on Dec 17 ’24. At $42.89 per share, Radulescu Razvan sold 19,171 shares. The insider’s holdings dropped to 89,347 shares worth approximately $3.64 million following the completion of this transaction.
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Also, Radulescu Razvan purchased 19,171 shares, netting a total of over 835,089 in proceeds.
Before that, Thau Daniel Mark had added 700 shares to its account. In a trade valued at $27,426, the Director bought Blue Bird Corp shares for $39.18 each. Upon closing the transaction, the insider’s holdings increased to 700 shares, worth approximately $28510.999999999996.
As published in their initiating research note from BTIG Research on October 09, 2024, Blue Bird Corp [BLBD] has been a Buy and the price target has been revised to $55. Analysts at ROTH MKM downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early October. As of July 17, 2024, Needham has reiterated its “Buy” rating for BLBD. Earlier on February 29, 2024, Needham initiated its rating. Their recommendation was “a Buy” for BLBD stock.
Analyzing BLBD Stock Performance
During the last five days, there has been a drop of approximately -3.37%. Over the course of the year, Blue Bird Corp shares have jumped approximately 51.08%. Shares of the company reached a 52-week high of $59.40 on 06/12/24 and a 52-week low of $24.08 on 01/16/24. A 50-day SMA is recorded $41.89, while a 200-day SMA reached $45.06. Nevertheless, trading volume fell to 0.74 million shares from 0.89 million shares the previous day.
Support And Resistance Levels for Blue Bird Corp (BLBD)
According to the 24-hour chart, there is a support level at 39.26, which, if violated, would cause prices to drop to 37.80. In the upper region, resistance lies at 43.14. The next price resistance is at 45.56. RSI (Relative Strength Index) is 46.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.86, which suggests the price will decrease in the coming days. Percent R is at 64.89%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
