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. Beyond Inc shares valued at $499,996 were purchased by LEMONIS MARCUS on Oct 28 ’24. At $7.00 per share, LEMONIS MARCUS acquired 71,428 shares. The insider’s holdings grew to 436,958 shares worth approximately $2.11 million following the completion of this transaction.
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Also, LEMONIS MARCUS purchased 156,985 shares, netting a total of over 999,994 in proceeds. Following the buying of shares at $6.37 each, the insider now holds 365,530 shares.
Before that, Nettles William Benjamin JR had sold 10,412 shares from its account. In a trade valued at $97,352, the Director traded Beyond Inc shares for $9.35 each. Upon closing the transaction, the insider’s holdings decreased to 10,412 shares, worth approximately $55021.119999999995.
As published in a research note from Argus on December 18, 2024, Beyond Inc [BYON] has been rated down from a Hold to a Sell. Analysts at Needham resumed the stock at ‘”a Buy”‘ outlook in a report released in late October. As of October 25, 2024, Maxim Group has reiterated its “Buy” rating for BYON. Earlier on October 25, 2024, BofA Securities downgraded its rating. Their new recommendation was “an Underperform” for BYON stock which previously was a “a Neutral”.
Analyzing BYON Stock Performance
During the last five days, there has been a drop of approximately -1.00%. Over the course of the year, Beyond Inc shares have dropped approximately -82.20%. Shares of the company reached a 52-week high of $37.10 on 03/27/24 and a 52-week low of $4.76 on 12/24/24. A 50-day SMA is recorded $6.58, while a 200-day SMA reached $14.18. Nevertheless, trading volume fell to 1.86 million shares from 3.42 million shares the previous day.
Support And Resistance Levels for Beyond Inc (BYON)
According to the 24-hour chart, there is a support level at 4.75, which, if violated, would cause prices to drop to 4.65. In the upper region, resistance lies at 4.95. The next price resistance is at 5.05. RSI (Relative Strength Index) is 29.76 on the 14-day chart, showing oversold 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 95.17%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
