In a filing, Blackstone Inc revealed 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 $5.38 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 $29.87 million.
UBS upgraded its Blackstone Inc [BX] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in mid December from “an Overweight” to “an Equal weight”. TD Cowen also remained covering BX and has increased its forecast on December 09, 2024 with a “Buy” recommendation from previously “Hold” rating. Piper Sandler revised its rating on October 09, 2024. It rated BX as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of BX
On Tuesday, Blackstone Inc [NYSE:BX] saw its stock fall -1.08% to $146.19. Over the last five days, the stock has gained 5.83%. Blackstone Inc shares have fallen nearly -14.93% since the year began. Nevertheless, the stocks have risen 18.65% 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 03/13/25. SMA at 50 days reached $164.92, while 200 days put it at $155.04.
Levels Of Support And Resistance For BX Stock
The 24-hour chart illustrates a support level at 144.32, which if violated will result in even more drops to 142.46. On the upside, there is a resistance level at 148.35. A further resistance level may holdings at 150.52. The Relative Strength Index (RSI) on the 14-day chart is 41.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.26%. Stochastics %K at 33.33% indicates the stock is a holding.
How much short interest is there in Blackstone Inc?
A steep rise in short interest was recorded in Blackstone Inc stocks on 2025-02-28, dropping by -1.75 million shares to a total of 9.17 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 10.92 million shares. There was a decline of -19.09%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 12, 2024 when Wells Fargo began covering the stock and recommended ‘”an Overweight”‘ rating along with a $163 price target.
