BlueLinx Holdings Inc. (NYSE:BXC) COO Alexander S. Averitt bought 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were acquired at an average cost of $14.20 per share, for a total transaction of $21,300.00. Following the completion of the purchase, the chief operating officer now owns 4,442 shares in the company, valued at $63,076.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
NYSE:BXC traded down $0.46 during trading hours on Friday, reaching $13.43. 25,576 shares of the company’s stock were exchanged, compared to its average volume of 257,250. The firm has a market capitalization of $130.01 million, a price-to-earnings ratio of -3.71 and a beta of 1.77. The company has a 50-day moving average of $29.54 and a 200 day moving average of $25.04. BlueLinx Holdings Inc. has a 1-year low of $13.48 and a 1-year high of $35.40.
Several research firms have commented on BXC. TheStreet upgraded shares of BlueLinx from a “d+” rating to a “c-” rating in a report on Wednesday, October 16th. ValuEngine upgraded shares of BlueLinx from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. B. Riley lowered their target price on shares of BlueLinx from $28.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Finally, Zacks Investment Research cut shares of BlueLinx from a “hold” rating to a “strong sell” rating in a report on Monday.
BlueLinx Company Profile
BlueLinx Holdings Inc, together with its subsidiaries, distributes building and industrial products in the United States. It distributes structural products, including plywood, oriented strand board, rebar and remesh, lumber, spruce, and other wood products primarily used for structural support, walls, and flooring in construction projects; and specialty products comprising engineered wood, moulding, siding, cedar, metal, and insulation products.
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