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. Barnes & Noble Education Inc shares valued at $16,875,000 were sold by Lids Holdings, Inc. on Dec 16 ’24. At $11.25 per share, Lids Holdings, Inc. sold 1,500,000 shares. The insider’s holdings dropped to 2,976,614 shares worth approximately $29.94 million following the completion of this transaction.
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Also, Singer Eric purchased 18,000 shares, netting a total of over 146,630 in proceeds. Following the buying of shares at $8.15 each, the insider now holds 112,441 shares.
Before that, MARTIN WILLIAM C had added 60,000 shares to its account. In a trade valued at $418,752, the Director bought Barnes & Noble Education Inc shares for $6.98 each. Upon closing the transaction, the insider’s holdings increased to 60,000 shares, worth approximately $0.68 million.
As published in a research note from Needham on March 10, 2021, Barnes & Noble Education Inc [BNED] has been retained to a Buy and the price target has been revised to $9. Analysts at Craig Hallum upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early September. As of March 16, 2020, Craig Hallum has decreased its “Buy” rating to a “Hold” for BNED. Earlier on September 17, 2019, Sidoti downgraded its rating. Their new recommendation was “a Neutral” for BNED stock which previously was a “a Buy”.
Analyzing BNED Stock Performance
During the last five days, there has been a drop of approximately -13.72%. Over the course of the year, Barnes & Noble Education Inc shares have dropped approximately -93.25%. Shares of the company reached a 52-week high of $226.00 on 01/09/24 and a 52-week low of $6.05 on 07/01/24. A 50-day SMA is recorded $10.49, while a 200-day SMA reached $21.32. Nevertheless, trading volume fell to 0.56 million shares from 0.55 million shares the previous day.
Support And Resistance Levels for Barnes & Noble Education Inc (BNED)
According to the 24-hour chart, there is a support level at 9.82, which, if violated, would cause prices to drop to 9.59. In the upper region, resistance lies at 10.33. The next price resistance is at 10.61. RSI (Relative Strength Index) is 44.24 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.38, which suggests the price will decrease in the coming days. Percent R is at 90.82%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
