Barnes & Noble Education Inc’s recently made public that its 10% Owner Lids Holdings, Inc. unloaded Company’s shares for reported $16.88 million on Dec 16 ’24. In the deal valued at $11.25 per share,1,500,000 shares were sold. As a result of this transaction, Lids Holdings, Inc. now holds 2,976,614 shares worth roughly $30.42 million.
Then, Singer Eric bought 18,000 shares, generating $146,630 in total proceeds. Upon buying the shares at $8.15, the Director now owns 112,441 shares.
Before that, MARTIN WILLIAM C bought 60,000 shares. Barnes & Noble Education Inc shares valued at $418,752 were divested by the Director at a price of $6.98 per share. As a result of the transaction, MARTIN WILLIAM C now holds 67,441 shares, worth roughly $0.69 million.
Needham reiterated its Barnes & Noble Education Inc [BNED] rating to a Buy in a research note published on March 10, 2021; the price target was $9. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who increased its forecast for the stock in early September from “a Hold” to “a Buy”. Craig Hallum also remained covering BNED and has decreased its forecast on March 16, 2020 with a “Hold” recommendation from previously “Buy” rating. Sidoti revised its rating on September 17, 2019. It rated BNED as “a Neutral” which previously was an “a Buy”.
Price Performance Review of BNED
On Friday, Barnes & Noble Education Inc [NYSE:BNED] saw its stock jump 0.59% to $10.22. Over the last five days, the stock has lost -1.83%. Barnes & Noble Education Inc shares have risen nearly 1.79% since the year began. Nevertheless, the stocks have fallen -93.28% over the past one year. While a 52-week high of $226.00 was reached on 01/03/25, a 52-week low of $6.05 was recorded on 01/02/25. SMA at 50 days reached $10.52, while 200 days put it at $19.84.
Levels Of Support And Resistance For BNED Stock
The 24-hour chart illustrates a support level at 9.94, which if violated will result in even more drops to 9.66. On the upside, there is a resistance level at 10.52. A further resistance level may holdings at 10.83. The Relative Strength Index (RSI) on the 14-day chart is 46.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.48%. Stochastics %K at 10.85% indicates the stock is a buying.
How much short interest is there in Barnes & Noble Education Inc?
A steep rise in short interest was recorded in Barnes & Noble Education Inc stocks on 2024-11-15, dropping by -0.17 million shares to a total of 1.01 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 1.18 million shares. There was a decline of -17.27%, which implies that there is a negative sentiment for the stock.
