A company insider recently sold 4,001 shares of Healthpeak Properties Inc. [DOC]. Should You Sale?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Healthpeak Properties Inc. shares valued at $50,333 were sold by Hall Amy M on Dec 08 ’23. At $12.58 per share, Hall Amy M sold 4,001 shares. The insider’s holdings dropped to 35,824 shares worth approximately $0.62 million following the completion of this transaction.

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Also, Becker Laurie P sold 22,322 shares, netting a total of over 300,677 in proceeds. Following the sale of shares at $13.47 each, the insider now holds 55,776 shares.

Before that, BLACK ALBERT JR had added 2,264 shares to its account. In a trade valued at $30,021, the Director bought Healthpeak Properties Inc. shares for $13.26 each. Upon closing the transaction, the insider’s holdings increased to 2,264 shares, worth approximately $1.75 million.

Analysts at KeyBanc Capital Markets downgraded the stock from ‘”an Overweight”‘ to ‘”a Sector weight”‘ outlook in a report released in early January. As of May 26, 2023, JMP Securities has initiated its “Mkt outperform” rating for DOC. Earlier on April 20, 2023, Wells Fargo initiated its rating. Their recommendation was “an Underweight” for DOC stock.

Analyzing DOC Stock Performance

During the last five days, there has been a drop of approximately -1.88%. Over the course of the year, Healthpeak Properties Inc. shares have dropped approximately -12.93%. Shares of the company reached a 52-week high of $20.87 on 01/12/24 and a 52-week low of $16.01 on 02/28/24. A 50-day SMA is recorded $18.29, while a 200-day SMA reached $19.02. Nevertheless, trading volume fell to 5.81 million shares from 5.69 million shares the previous day.

Support And Resistance Levels for Healthpeak Properties Inc. (DOC)

According to the 24-hour chart, there is a support level at 17.10, which, if violated, would cause prices to drop to 16.97. In the upper region, resistance lies at 17.44. The next price resistance is at 17.65. RSI (Relative Strength Index) is 46.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.38, which suggests the price will decrease in the coming days. Percent R is at 37.97%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Healthpeak Properties Inc. subject to short interest?

Stocks of Healthpeak Properties Inc. saw a sharp rise in short interest on Feb 29, 2024 jumping by 4.09 million shares to 13.5 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 9.41 million shares. A jump of 30.3% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.35 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.35.

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