Bloomin Brands Inc’s recent filing unveils that its Director Kunkel Julie T. acquired Company’s shares for reported $15650.0 on Aug 12 ’24. In the deal valued at $15.65 per share,1,000 shares were bought. As a result of this transaction, Kunkel Julie T. now holds 2,000 shares worth roughly $22440.0.
Barclays downgraded its Bloomin Brands Inc [BLMN] rating to an Equal weight from a an Overweight in a research note published on January 07, 2025; the price target was decreased to $13 from $19. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in early December with a ‘”a Sell”‘ rating. Raymond James also remained covering BLMN and has decreased its forecast on November 11, 2024 with a “Mkt perform” recommendation from previously “an Outperform” rating. JP Morgan revised its rating on January 23, 2024. It rated BLMN as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of BLMN
On Monday, Bloomin Brands Inc [NASDAQ:BLMN] saw its stock fall -2.01% to $11.22. Over the last five days, the stock has lost -7.88%. Bloomin Brands Inc shares have fallen nearly -8.11% since the year began. Nevertheless, the stocks have fallen -57.60% over the past one year. While a 52-week high of $30.12 was reached on 01/06/25, a 52-week low of $11.24 was recorded on 01/13/25. SMA at 50 days reached $13.24, while 200 days put it at $18.35.
Levels Of Support And Resistance For BLMN Stock
The 24-hour chart illustrates a support level at 10.99, which if violated will result in even more drops to 10.76. On the upside, there is a resistance level at 11.49. A further resistance level may holdings at 11.76. The Relative Strength Index (RSI) on the 14-day chart is 36.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.44%. Stochastics %K at 20.08% indicates the stock is a holding.
How much short interest is there in Bloomin Brands Inc?
A steep rise in short interest was recorded in Bloomin Brands Inc stocks on 2024-12-13, dropping by -0.53 million shares to a total of 7.72 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 8.25 million shares. There was a decline of -6.86%, which implies that there is a negative sentiment for the stock.
