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 $25200.0.
BofA Securities downgraded its Bloomin Brands Inc [BLMN] rating to an Underperform from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who decreased its forecast for the stock in early January from “an Overweight” to “an Equal weight”. Goldman began covering BLMN with “Sell” recommendation on December 05, 2024. Raymond James revised its rating on November 11, 2024. It rated BLMN as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of BLMN
On Monday, Bloomin Brands Inc [NASDAQ:BLMN] saw its stock jump 2.19% to $12.60. Over the last five days, the stock has gained 11.60%. Bloomin Brands Inc shares have risen nearly 3.19% since the year began. Nevertheless, the stocks have fallen -51.16% over the past one year. While a 52-week high of $30.12 was reached on 01/06/25, a 52-week low of $11.03 was recorded on 01/13/25. SMA at 50 days reached $12.52, while 200 days put it at $17.62.
Levels Of Support And Resistance For BLMN Stock
The 24-hour chart illustrates a support level at 12.08, which if violated will result in even more drops to 11.56. On the upside, there is a resistance level at 12.95. A further resistance level may holdings at 13.29. The Relative Strength Index (RSI) on the 14-day chart is 55.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 12.78%. Stochastics %K at 77.04% 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 2024-12-31, growing by 0.61 million shares to a total of 8.72 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 8.11 million shares. There was a rise of 7.0%, which implies that there is a positive sentiment for the stock.
