Equity Commonwealth’s recently made public that its EVP, Gen. Counsel & Secretary Shifrin Orrin S unloaded Company’s shares for reported $1.35 million on Sep 20. In the deal valued at $26.95 per share,50,000 shares were sold. As a result of this transaction, Shifrin Orrin S now holds 184,345 shares worth roughly $ 4.8 million.
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BofA Securities downgraded its Equity Commonwealth [EQC] rating to an Underperform from a a Neutral in a research note published on Friday. PT values the company’s stock at a premium of 7.0 to its Friday closing price. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early May from “a Buy” to “a Neutral”. JMP Securities also remained covering EQC and has decreased its forecast on August 14, 2019 with a “Mkt perform” recommendation from previously “Mkt outperform” rating. Stifel revised its rating on August 01, 2018. It rated EQC as “a Hold” which previously was an “a Buy”.
Price Performance Review of EQC
On Friday, Equity Commonwealth [NYSE:EQC] saw its stock jump 1.01% to $26.04. On the same session, the stock had its day’s lowest price of $25.69, but rose to a high of $26.15. Over the last five days, the stock has lost -0.88%. Equity Commonwealth shares have risen nearly 4.73% since the year began. Nevertheless, the stocks have risen 4.61% over the past one year. While a 52-week high of $27.69 was reached on 03/30/22, a 52-week low of $23.88 was recorded on 09/29/22. SMA at 50 days reached $25.58, while 200 days put it at $26.68. A total of 0.64 million shares were traded, compared to the trading of 1.16 million shares in the previous session.
Levels Of Support And Resistance For EQC Stock
The 24-hour chart illustrates a support level at 25.77, which if violated will result in even more drops to 25.50. On the upside, there is a resistance level at 26.23. A further resistance level may holdings at 26.42. The Relative Strength Index (RSI) on the 14-day chart is 63.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 23.81%. Stochastics %K at 71.58% indicates the stock is a holding.
How much short interest is there in Equity Commonwealth?
A steep rise in short interest was recorded in Equity Commonwealth stocks on Jul 14, 2022, dropping by -0.12 million shares to a total of 2.84 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 2.96 million shares. There was a decline of -4.23%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 5.63% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.9.
Equity Commonwealth [EQC] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 17,018,517 shares, or roughly 15.30% of the outstanding EQC shares. In other words, the investor’s shares have fallen by -754,797 from its previous 13-F filing of 17773314.0. Additionally, Nuance Investments LLC decreased -15.33% of its stake after which the total value it holdings stand at $281,875,017, while T. Rowe Price Associates, Inc. reduced -4.68% of its stake to hold $270.45 million in the firm. Over the last quarter, BlackRock Fund Advisors sold -304,609 shares of Equity Commonwealth, while Fidelity Management & Research Co sold 101,919 shares. At present, SSgA Funds Management, Inc. is holding 5,483,418 shares valued at $133.58 million. Segall Bryant & Hamill LLC owned 4,408,703 shares of the company at the time of its most recent 13F filing, worth $107.4 million.