In a filing, Blend Labs Inc revealed its HEAD OF LEGAL AND PEOPLE Ling Winnie unloaded Company’s shares for reported $56136.0 on Jan 07 ’25. In the deal valued at $3.74 per share,15,000 shares were sold. As a result of this transaction, Ling Winnie now holds 328,781 shares worth roughly $1.1 million.
Then, Kneafsey Brian sold 30,000 shares, generating $111,819 in total proceeds. Upon selling the shares at $3.73, the Head of Revenue now owns 866,759 shares.
Before that, Ling Winnie bought 15,000 shares. Blend Labs Inc shares valued at $56,136 were divested by the Officer at a price of $3.74 per share.
JMP Securities initiated its Blend Labs Inc [BLND] rating to a Mkt outperform in a research note published on December 18, 2024; the price target was $7. A number of analysts have revised their coverage, including Canaccord Genuity’s analysts, who increased its forecast for the stock in mid August from “a Hold” to “a Buy”. William Blair also remained covering BLND and has increased its forecast on August 09, 2024 with a “an Outperform” recommendation from previously “Mkt perform” rating. Wells Fargo revised its rating on December 20, 2023. It rated BLND as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of BLND
On Friday, Blend Labs Inc [NYSE:BLND] saw its stock fall -10.40% to $3.36. Over the last five days, the stock has lost -12.50%. Blend Labs Inc shares have fallen nearly -20.19% since the year began. Nevertheless, the stocks have risen 29.73% over the past one year. While a 52-week high of $5.53 was reached on 01/02/25, a 52-week low of $2.08 was recorded on 01/10/25. SMA at 50 days reached $4.52, while 200 days put it at $3.43.
Levels Of Support And Resistance For BLND Stock
The 24-hour chart illustrates a support level at 3.26, which if violated will result in even more drops to 3.15. On the upside, there is a resistance level at 3.55. A further resistance level may holdings at 3.74. The Relative Strength Index (RSI) on the 14-day chart is 21.38, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.99%. Stochastics %K at 6.08% indicates the stock is a buying.
How much short interest is there in Blend Labs Inc?
A steep rise in short interest was recorded in Blend Labs Inc stocks on 2024-12-13, dropping by -1.62 million shares to a total of 7.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 9.29 million shares. There was a decline of -21.16%, which implies that there is a negative sentiment for the stock.
