Beyond Inc’s recent filing unveils that its EXECUTIVE CHAIRMAN OF BOARD LEMONIS MARCUS acquired Company’s shares for reported $0.5 million on Oct 28 ’24. In the deal valued at $7.00 per share,71,428 shares were bought. As a result of this transaction, LEMONIS MARCUS now holds 436,958 shares worth roughly $2.12 million.
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Then, LEMONIS MARCUS bought 156,985 shares, generating $999,994 in total proceeds. Upon buying the shares at $6.37, the EXECUTIVE CHAIRMAN OF BOARD now owns 365,530 shares.
Before that, Nettles William Benjamin JR sold 10,412 shares. Beyond Inc shares valued at $97,352 were divested by the Director at a price of $9.35 per share. As a result of the transaction, Nettles William Benjamin JR now holds 11,368 shares, worth roughly $55248.48.
Argus downgraded its Beyond Inc [BYON] rating to a Sell from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in late October has reiterated a ‘”a Buy”‘ rating for it. Maxim Group also remained covering BYON and reiterated its “Buy” recommendation on October 25, 2024. BofA Securities revised its rating on October 25, 2024. It rated BYON as “an Underperform” which previously was an “a Neutral”.
Price Performance Review of BYON
On Monday, Beyond Inc [NYSE:BYON] saw its stock fall -4.52% to $4.86. Over the last five days, the stock has lost -3.95%. Beyond Inc shares have fallen nearly -82.45% since the year began. Nevertheless, the stocks have fallen -82.22% over the past one year. While a 52-week high of $37.10 was reached on 03/27/24, a 52-week low of $4.90 was recorded on 12/23/24. SMA at 50 days reached $6.69, while 200 days put it at $14.33.
Levels Of Support And Resistance For BYON Stock
The 24-hour chart illustrates a support level at 4.68, which if violated will result in even more drops to 4.50. On the upside, there is a resistance level at 5.14. A further resistance level may holdings at 5.42. The Relative Strength Index (RSI) on the 14-day chart is 27.50, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.27%. Stochastics %K at 10.83% indicates the stock is a buying.
How much short interest is there in Beyond Inc?
A steep rise in short interest was recorded in Beyond Inc stocks on 2024-11-29, growing by 0.27 million shares to a total of 7.64 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 7.37 million shares. There was a rise of 3.58%, which implies that there is a positive sentiment for the stock.
