Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Blend Labs Inc shares valued at $18,559 were sold by Tkach Oxana on Dec 23 ’24. At $4.37 per share, Tkach Oxana sold 4,247 shares. The insider’s holdings dropped to 84,430 shares worth approximately $0.38 million following the completion of this transaction.
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Also, Tkach Oxana purchased 4,247 shares, netting a total of over 18,559 in proceeds.
Before that, Kneafsey Brian had sold 30,000 shares from its account. In a trade valued at $151,482, the Head of Revenue traded Blend Labs Inc shares for $5.05 each. Upon closing the transaction, the insider’s holdings decreased to 30,000 shares, worth approximately $4.08 million.
As published in their initiating research note from JMP Securities on December 18, 2024, Blend Labs Inc [BLND] has been a Mkt outperform and the price target has been revised to $7. Analysts at Canaccord Genuity upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid August. As of August 09, 2024, William Blair has increased its “Mkt perform” rating to a “an Outperform” for BLND. Earlier on December 20, 2023, Wells Fargo upgraded its rating. Their new recommendation was “an Overweight” for BLND stock which previously was a “an Equal weight”.
Analyzing BLND Stock Performance
During the last five days, there has been a drop of approximately -10.71%. Over the course of the year, Blend Labs Inc shares have jumped approximately 76.47%. Shares of the company reached a 52-week high of $5.53 on 12/06/24 and a 52-week low of $2.08 on 06/26/24. A 50-day SMA is recorded $4.44, while a 200-day SMA reached $3.38. Nevertheless, trading volume fell to 1.99 million shares from 3.0 million shares the previous day.
Support And Resistance Levels for Blend Labs Inc (BLND)
According to the 24-hour chart, there is a support level at 4.39, which, if violated, would cause prices to drop to 4.29. In the upper region, resistance lies at 4.57. The next price resistance is at 4.65. RSI (Relative Strength Index) is 42.10 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.45, which suggests the price will decrease in the coming days. Percent R is at 79.77%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
