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Wedbush downgrades BXP Inc (BXP) stock to an Underperform

BXP Inc’s recently made public that its Executive Vice President Spann Hilary J. unloaded Company’s shares for reported $0.89 million on Feb 04 ’25. In the deal valued at $72.02 per share,12,379 shares were sold. As a result of this transaction, Spann Hilary J. now holds 7,271 shares worth roughly $0.5 million.

Then, Hilary Jo Spann bought 12,379 shares, generating $886,213 in total proceeds.

Before that, RITCHEY RAYMOND A sold 21,835 shares. BXP Inc shares valued at $1,621,225 were divested by the Senior EVP at a price of $74.25 per share. As a result of the transaction, RITCHEY RAYMOND A now holds 0 shares, worth roughly $0.0.

Wedbush downgraded its BXP Inc [BXP] rating to an Underperform from a a Neutral in a research note published on January 02, 2025; the price target was decreased to $70 from $81. A number of analysts have revised their coverage, including Compass Point’s analysts, who increased its forecast for the stock in mid November from “a Neutral” to “a Buy”. Scotiabank also remained covering BXP and has decreased its forecast on November 07, 2024 with a “Sector perform” recommendation from previously “Sector outperform” rating. Piper Sandler revised its rating on October 23, 2024. It rated BXP as “an Overweight” which previously was an “a Neutral”.

Price Performance Review of BXP

On Friday, BXP Inc [NYSE:BXP] saw its stock fall -0.03% to $68.84. Over the last five days, the stock has lost -2.88%. BXP Inc shares have fallen nearly -7.42% since the year began. Nevertheless, the stocks have risen 5.29% over the past one year. While a 52-week high of $90.11 was reached on 01/27/25, a 52-week low of $56.27 was recorded on 01/10/25. SMA at 50 days reached $73.23, while 200 days put it at $72.68.

Levels Of Support And Resistance For BXP Stock

The 24-hour chart illustrates a support level at 68.43, which if violated will result in even more drops to 68.01. On the upside, there is a resistance level at 69.43. A further resistance level may holdings at 70.01. The Relative Strength Index (RSI) on the 14-day chart is 38.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.91, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.60%. Stochastics %K at 13.59% indicates the stock is a buying.

The most recent change occurred on January 30, 2024 when Deutsche Bank began covering the stock and recommended ‘”a Hold”‘ rating along with a $74 price target.

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