Blend Labs Inc’s recent filing unveils that its Head of Revenue Kneafsey Brian unloaded Company’s shares for reported $0.11 million on Jan 28 ’25. In the deal valued at $3.73 per share,30,000 shares were sold. As a result of this transaction, Kneafsey Brian now holds 776,759 shares worth roughly $2.99 million.
Then, Kneafsey Brian bought 30,000 shares, generating $112,007 in total proceeds.
Before that, Ling Winnie sold 10,000 shares. Blend Labs Inc shares valued at $37,264 were divested by the HEAD OF LEGAL AND PEOPLE at a price of $3.73 per share. As a result of the transaction, Ling Winnie now holds 318,781 shares, worth roughly $1.23 million.
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 -2.78% to $3.85. Over the last five days, the stock has gained 4.05%. Blend Labs Inc shares have fallen nearly -8.55% since the year began. Nevertheless, the stocks have risen 39.49% 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 01/13/25. SMA at 50 days reached $4.42, while 200 days put it at $3.49.
Levels Of Support And Resistance For BLND Stock
The 24-hour chart illustrates a support level at 3.75, which if violated will result in even more drops to 3.65. On the upside, there is a resistance level at 3.96. A further resistance level may holdings at 4.08. The Relative Strength Index (RSI) on the 14-day chart is 46.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.30%. Stochastics %K at 84.07% indicates the stock is a selling.
How much short interest is there in Blend Labs Inc?
A steep rise in short interest was recorded in Blend Labs Inc stocks on 2025-01-15, growing by 2.22 million shares to a total of 9.89 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 7.67 million shares. There was a rise of 22.46%, which implies that there is a positive sentiment for the stock.
