Stocks of Bluebird bio Inc (NASDAQ:BLUE) traded higher last session on Wall Street, down -1.68% to $0.30.
BLUE stock price is now -35.96% away from the 50-day moving average and -66.83% away from the 200-day moving average. The market capitalization of the company currently stands at $57.93M.
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On November 15, 2024, BofA Securities Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $3 to quote $0.50, while ‘JP Morgan’ rates the stock as ‘Neutral’
In other news, Klima Thomas J, insider sold 1,006 shares of the company’s stock on Sep 30 ’24. The stock was sold for $529 at an average price of $0.53. Upon completion of the transaction, the insider now directly owns 170,000 shares in the company, valued at $51000.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 30 ’24, President and CEO Obenshain Andrew sold 34,780 shares of the business’s stock. A total of $18,270 was realized by selling the stock at an average price of $0.53. This leaves the insider owning 375,218 shares of the company worth $0.11 million. A total of 0.89% of the company’s stock is owned by insiders.
During the past 12 months, Bluebird bio Inc has had a low of $0.29 and a high of $5.53. The fifty day moving average price for BLUE is $0.4708 and a two-hundred day moving average price translates $0.90135 for the stock.
The latest earnings results from Bluebird bio Inc (NASDAQ: BLUE) was released for 2024-06-30. The net profit margin was -551.26% and return on equity was -270.20% for BLUE. The company reported revenue of $10.61 million for the quarter, compared to $12.39 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -14.36 percent.
