Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Alexandria Real Estate Equities Inc. shares valued at $916,500 were sold by MARCUS JOEL S on May 08. At $122.20 per share, MARCUS JOEL S sold 7,500 shares. The insider’s holdings dropped to 351,354 shares worth approximately $39.08 million following the completion of this transaction.
25-cent Stock Takes $11T Commodities Sector Digital
One brilliantly-run technology firm has successfully partnered with some of the largest players in the industry to bring a first-of-its-kind digital solution to the global commodities supply chain sector. Best of all, this upstart technology firm is currently trading undiscovered — below 25-cents per share — so very, very few investors know about it yet! For investors… it's an early-stage opportunity in a company that's bringing the US$11T global commodities sector straight into the 21st century.
All the details are in the FREE online report you can get here.
Also, MARCUS JOEL S sold 9,000 shares, netting a total of over 1,512,000 in proceeds. Following the sale of shares at $168.00 each, the insider now holds 388,729 shares.
Before that, Cunningham John H had sold 7,800 shares from its account. In a trade valued at $1,293,084, the EVP – Regional Market Director traded Alexandria Real Estate Equities Inc. shares for $165.78 each. Upon closing the transaction, the insider’s holdings decreased to 7,800 shares, worth approximately $6.96 million.
Analyzing ARE Stock Performance
On Thursday, Alexandria Real Estate Equities Inc. [NYSE: ARE] plunged -2.75% to $111.22. The stock’s lowest price that day was $110.64, but it reached a high of $114.34 in the same session. During the last five days, there has been a drop of approximately -4.87%. Over the course of the year, Alexandria Real Estate Equities Inc. shares have dropped approximately -23.65%. Shares of the company reached a 52-week high of $172.65 on 02/02/23 and a 52-week low of $110.64 on 05/25/23. A 50-day SMA is recorded $121.06, while a 200-day SMA reached $142.67. Nevertheless, trading volume fell to 1.19 million shares from 0.76 million shares the previous day.
Support And Resistance Levels for Alexandria Real Estate Equities Inc. (ARE)
According to the 24-hour chart, there is a support level at 109.79, which, if violated, would cause prices to drop to 108.37. In the upper region, resistance lies at 113.49. The next price resistance is at 115.77. RSI (Relative Strength Index) is 32.08 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.81, which suggests the price will decrease in the coming days. Percent R is at 95.55%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Alexandria Real Estate Equities Inc. subject to short interest?
Stocks of Alexandria Real Estate Equities Inc. saw a sharp steep in short interest on Apr 27, 2023 dropping by -0.85 million shares to 2.85 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2023 was 3.7 million shares. A decline of -29.82% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.84 of the overall float, the days-to-cover ratio (short ratio) decline to 2.84.
Which companies own the most shares of Alexandria Real Estate Equities Inc. (ARE)?
According to The Vanguard Group, Inc. filings, the company currently owns 26,271,349 shares, which is about 15.19% of the total ARE shares outstanding. The investor’s shares have appreciated by 1,129,021 from its previous 13-F filing of 25142328.0 shares. With the completion of the buy transaction, Norges Bank Investment Management’s stake is now worth $1,941,200,511. BlackRock Fund Advisors acquire a 5.22% interest valued at $1.36 billion while SSgA Funds Management, Inc. purchased a 424,932 stake. A total of -107,985 shares of Alexandria Real Estate Equities Inc. were bought by APG Asset Management US, Inc. during the quarter, and 200,487 were bought by Principal Global Investors LLC. In its current portfolio, Canada Pension Plan Investment Bo holds 4,038,496 shares valued at $501.5 million.
In terms of Alexandria Real Estate Equities Inc. share price expectations, FactSet research, analysts set an average price target of $161.78 in the next 12 months, up nearly 43.41% from the previous closing price of $114.36. Analysts anticipate Alexandria Real Estate Equities Inc. stock to reach $186.00 by 2023, with the lowest price target being $141.00. In spite of this, 10 analysts ranked Alexandria Real Estate Equities Inc. stock as a Buy at the end of 2023.