Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Blade Air Mobility Inc shares valued at $20,619 were sold by Love Reginald on Dec 13 ’24. At $4.05 per share, Love Reginald sold 5,091 shares. The insider’s holdings dropped to 100,363 shares worth approximately $0.45 million following the completion of this transaction.
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Also, Borthwick John sold 78,291 shares, netting a total of over 313,250 in proceeds. Following the sale of shares at $4.00 each, the insider now holds 168,443 shares.
Before that, Borthwick John had added 78,291 shares to its account. In a trade valued at $297,506, the Director bought Blade Air Mobility Inc shares for $3.80 each.
As published in their initiating research note from Ladenburg Thalmann on July 18, 2023, Blade Air Mobility Inc [BLDE] has been a Buy and the price target has been revised to $13. Analysts at Ladenburg Thalmann started covering the stock with ‘”a Buy”‘ outlook in a report released in mid July. As of September 28, 2021, Oppenheimer has initiated its “an Outperform” rating for BLDE. Earlier on September 09, 2021, JP Morgan initiated its rating. Their recommendation was “an Overweight” for BLDE stock.
Analyzing BLDE Stock Performance
During the last five days, there has been a surge of approximately 10.97%. Over the course of the year, Blade Air Mobility Inc shares have jumped approximately 26.06%. Shares of the company reached a 52-week high of $5.17 on 11/29/24 and a 52-week low of $2.45 on 03/19/24. A 50-day SMA is recorded $3.86, while a 200-day SMA reached $3.38. Nevertheless, trading volume fell to 0.83 million shares from 0.7 million shares the previous day.
Support And Resistance Levels for Blade Air Mobility Inc (BLDE)
According to the 24-hour chart, there is a support level at 4.21, which, if violated, would cause prices to drop to 3.97. In the upper region, resistance lies at 4.59. The next price resistance is at 4.73. RSI (Relative Strength Index) is 59.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.01, which suggests the price will decrease in the coming days. Percent R is at 48.09%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
