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. Blackstone Inc shares valued at $27,233,157 were sold by Blackstone Holdings IV L.P. on Dec 12 ’24. At $81.17 per share, Blackstone Holdings IV L.P. sold 335,487 shares. The insider’s holdings dropped to 204,333 shares worth approximately $37.91 million following the completion of this transaction.
Also, Finley John G sold 42,249 shares, netting a total of over 7,433,289 in proceeds. Following the sale of shares at $175.94 each, the insider now holds 387,137 shares.
Before that, Finley John G had added 42,249 shares to its account. In a trade valued at $7,433,086, the Officer bought Blackstone Inc shares for $175.94 each.
As published in a research note from Wells Fargo on December 12, 2024, Blackstone Inc [BX] has been rated down from an Overweight to an Equal weight and the price target has been revised to $195 from $188. Analysts at TD Cowen upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early December. As of October 09, 2024, Piper Sandler has decreased its “an Overweight” rating to a “Neutral” for BX. Earlier on September 12, 2024, Wells Fargo initiated its rating. Their recommendation was “an Overweight” for BX stock.
Analyzing BX Stock Performance
During the last five days, there has been a surge of approximately 5.93%. Over the course of the year, Blackstone Inc shares have jumped approximately 7.60%. Shares of the company reached a 52-week high of $185.64 on 01/23/25 and a 52-week low of $160.73 on 01/13/25. A 50-day SMA is recorded $181.05, while a 200-day SMA reached $147.98. Nevertheless, trading volume fell to 2.15 million shares from 3.04 million shares the previous day.
Support And Resistance Levels for Blackstone Inc (BX)
According to the 24-hour chart, there is a support level at 183.45, which, if violated, would cause prices to drop to 181.37. In the upper region, resistance lies at 186.62. The next price resistance is at 187.71. RSI (Relative Strength Index) is 61.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 8.18, which suggests the price will increase in the coming days. Percent R is at 0.48%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
