STAG Industrial Inc. [STAG] stock for 760,783 USD was sold by COLBERT VIRGIS


Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. STAG Industrial Inc. shares valued at $760,783 were sold by COLBERT VIRGIS on Mar 10. At $31.82 per share, COLBERT VIRGIS sold 23,911 shares. The insider’s holdings dropped to 17,017 shares worth approximately $0.55 million following the completion of this transaction.

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Also, Butcher Benjamin S sold 19,923 shares, netting a total of over 691,211 in proceeds. Following the sale of shares at $34.69 each, the insider now holds 7,088 shares.

Before that, Butcher Benjamin S had sold 15,000 shares from its account. In a trade valued at $629,654, the Chairman and CEO traded STAG Industrial Inc. shares for $41.98 each. Upon closing the transaction, the insider’s holdings decreased to 15,000 shares, worth approximately $0.72 million.

As published in their initiating research note from BMO Capital Markets on February 06, 2023, STAG Industrial Inc. [STAG] has been an Outperform and the price target has been revised to $41. This represents a 20.63% premium over Thursday’s closing price. Analysts at Wells Fargo downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in late November. As of January 11, 2022, Robert W. Baird has increased its “Neutral” rating to a “an Outperform” for STAG. Earlier on December 21, 2020, JP Morgan downgraded its rating. Their new recommendation was “a Neutral” for STAG stock which previously was a “an Overweight”.

Analyzing STAG Stock Performance

On Thursday, STAG Industrial Inc. [NYSE: STAG] rose 0.31% to $32.54. The stock’s lowest price that day was $31.91, but it reached a high of $32.97 in the same session. During the last five days, there has been a drop of approximately -0.25%. Over the course of the year, STAG Industrial Inc. shares have jumped approximately 0.71%. Shares of the company reached a 52-week high of $37.15 on 02/02/23 and a 52-week low of $31.01 on 03/10/23. A 50-day SMA is recorded $34.45, while a 200-day SMA reached $32.24. Nevertheless, trading volume fell to 1.16 million shares from 2.1 million shares the previous day.

Support And Resistance Levels for STAG Industrial Inc. (STAG)

According to the 24-hour chart, there is a support level at 31.98, which, if violated, would cause prices to drop to 31.41. In the upper region, resistance lies at 33.04. The next price resistance is at 33.53. RSI (Relative Strength Index) is 40.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.59, which suggests the price will decrease in the coming days. Percent R is at 56.16%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is STAG Industrial Inc. subject to short interest?

Stocks of STAG Industrial Inc. saw a sharp steep in short interest on Jan 12, 2023 dropping by -0.26 million shares to 3.19 million. Data from Yahoo Finance shows that the short interest on Dec 14, 2022 was 3.45 million shares. A decline of -8.15% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.36 of the overall float, the days-to-cover ratio (short ratio) decline to 3.36.

Which companies own the most shares of STAG Industrial Inc. (STAG)?

According to The Vanguard Group, Inc. filings, the company currently owns 26,063,218 shares, which is about 14.53% of the total STAG shares outstanding. The investor’s shares have appreciated by 501,746 from its previous 13-F filing of 25561472.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $478,388,385. SSgA Funds Management, Inc. acquire a 0.98% interest valued at $292.39 million while AllianceBernstein LP purchased a 516,088 stake. A total of 305,629 shares of STAG Industrial Inc. were bought by EARNEST Partners LLC during the quarter, and 748,896 were bought by Massachusetts Financial Services. In its current portfolio, Geode Capital Management LLC holds 3,674,139 shares valued at $123.6 million.

In terms of STAG Industrial Inc. share price expectations, FactSet research, analysts set an average price target of $37.10 in the next 12 months, up nearly 12.52% from the previous closing price of $32.44. Analysts anticipate STAG Industrial Inc. stock to reach $42.00 by 2023, with the lowest price target being $33.00. In spite of this, 10 analysts ranked STAG Industrial Inc. stock as an Overweight at the end of 2023. On September 23, 2020, Robert W. Baird assigned a price target of “a Neutral” to the stock and downgraded coverage with a $35.


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