BX director Porat Ruth buys 439 shares on open market as stock trades well below 52-week highs amid mixed track record at this ticker.
Director Ruth Porat purchased 439 shares of Blackstone in three separate transactions, building on her existing substantial position in the company. The purchases occurred while the stock trades significantly below its 52-week high, presenting what could be viewed as a buying opportunity in a fundamentally profitable and growing company. However, Porat's track record at this specific ticker is decidedly mixed: over the 90-day timeframe, all five of her prior purchases at Blackstone were followed by declines, while the 30-day view shows more balance with two showing gains and three showing declines. This sixth buy at Blackstone follows a pattern of repeated accumulation (she has now made eight open-market purchases at this ticker in the 36-month window), yet her prior transactions at this same company have not vindicated her timing — she has never successfully timed a BX purchase on the 90-day horizon. The stock has also declined modestly over the past month and quarter, suggesting the director is buying into a period of near-term weakness rather than momentum.