Blackstone Inc’s recent filing unveils that its Director Porat Ruth acquired Company’s shares for reported $49686.0 on Feb 18 ’25. In the deal valued at $164.85 per share,301 shares were bought. As a result of this transaction, Porat Ruth now holds 36,829 shares worth roughly $5.09 million.
Then, Porat Ruth bought 74 shares, generating $12,240 in total proceeds. Upon buying the shares at $164.82, the Director now owns 8,575 shares.
Before that, Blackstone Holdings IV L.P. sold 335,487 shares. Blackstone Inc shares valued at $27,233,157 were divested by the 10% Owner at a price of $81.17 per share. As a result of the transaction, Blackstone Holdings IV L.P. now holds 204,333 shares, worth roughly $28.23 million.
Wells Fargo downgraded its Blackstone Inc [BX] rating to an Equal weight from a an Overweight in a research note published on December 12, 2024; the price target was increased to $195 from $188. A number of analysts have revised their coverage, including TD Cowen’s analysts, who increased its forecast for the stock in early December from “a Hold” to “a Buy”. Piper Sandler also remained covering BX and has decreased its forecast on October 09, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. Wells Fargo started covering the stock on September 12, 2024. It rated BX as “an Overweight”.
Price Performance Review of BX
On Tuesday, Blackstone Inc [NYSE:BX] saw its stock fall -0.88% to $138.14. Over the last five days, the stock has lost -8.35%. Blackstone Inc shares have fallen nearly -19.61% since the year began. Nevertheless, the stocks have risen 12.11% over the past one year. While a 52-week high of $200.28 was reached on 01/30/25, a 52-week low of $114.76 was recorded on 03/10/25. SMA at 50 days reached $168.06, while 200 days put it at $154.53.
Levels Of Support And Resistance For BX Stock
The 24-hour chart illustrates a support level at 136.88, which if violated will result in even more drops to 135.63. On the upside, there is a resistance level at 140.26. A further resistance level may holdings at 142.39. The Relative Strength Index (RSI) on the 14-day chart is 23.74, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -12.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.34%. Stochastics %K at 11.61% indicates the stock is a buying.
The most recent change occurred on August 27, 2024 when Redburn Atlantic began covering the stock and recommended ‘”a Neutral”‘ rating along with a $134 price target.
