The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Blackstone Mortgage Trust Inc shares valued at $9,666 were sold by Marone Anthony F. JR on Dec 17 ’24. At $18.80 per share, Marone Anthony F. JR sold 514 shares. The insider’s holdings dropped to 67,121 shares worth approximately $1.23 million following the completion of this transaction.
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Also, Marone Anthony F. JR purchased 514 shares, netting a total of over 9,666 in proceeds.
Before that, Marone Anthony F. JR had sold 482 shares from its account. In a trade valued at $9,189, the Chief Financial Officer traded Blackstone Mortgage Trust Inc shares for $19.07 each. Upon closing the transaction, the insider’s holdings decreased to 482 shares, worth approximately $1.02 million.
As published in a research note from Wolfe Research on December 11, 2024, Blackstone Mortgage Trust Inc [BXMT] has been rated up from a Peer perform to an Outperform and the price target has been revised to $20. As of June 25, 2024, Wolfe Research has initiated its “Peer perform” rating for BXMT. Earlier on March 04, 2024, BofA Securities downgraded its rating. Their new recommendation was “a Neutral” for BXMT stock which previously was a “a Buy”.
Analyzing BXMT Stock Performance
During the last five days, there has been a drop of approximately -1.93%. Over the course of the year, Blackstone Mortgage Trust Inc shares have dropped approximately -14.01%. Shares of the company reached a 52-week high of $22.04 on 01/11/24 and a 52-week low of $16.53 on 08/05/24. A 50-day SMA is recorded $18.65, while a 200-day SMA reached $18.43. Nevertheless, trading volume fell to 0.64 million shares from 1.17 million shares the previous day.
Support And Resistance Levels for Blackstone Mortgage Trust Inc (BXMT)
According to the 24-hour chart, there is a support level at 18.02, which, if violated, would cause prices to drop to 17.75. In the upper region, resistance lies at 18.43. The next price resistance is at 18.58. RSI (Relative Strength Index) is 44.81 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.47, which suggests the price will decrease in the coming days. Percent R is at 61.78%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
