Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Arbor Realty Trust Inc. shares valued at $132,026 were purchased by Green William C on Mar 18 ’24. At $12.93 per share, Green William C acquired 10,209 shares. The insider’s holdings grew to 162,809 shares worth approximately $2.12 million following the completion of this transaction.
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Also, KAUFMAN IVAN purchased 10,000 shares, netting a total of over 120,500 in proceeds. Following the buying of shares at $12.05 each, the insider now holds 1,108,412 shares.
Before that, KAUFMAN IVAN had added 10,000 shares to its account. In a trade valued at $118,600, the COB, CEO and President bought Arbor Realty Trust Inc. shares for $11.86 each. Upon closing the transaction, the insider’s holdings increased to 10,000 shares, worth approximately $14.3 million.
As published in a research note from Piper Sandler on July 31, 2023, Arbor Realty Trust Inc. [ABR] has been rated down from an Overweight to an Underweight and the price target has been revised to $16. Analysts at JP Morgan downgraded the stock from ‘”a Neutral”‘ to ‘”an Underweight”‘ outlook in a report released in late July. As of June 02, 2023, Wedbush has initiated its “an Outperform” rating for ABR. Earlier on April 24, 2023, JP Morgan downgraded its rating. Their new recommendation was “a Neutral” for ABR stock which previously was a “an Overweight”.
Analyzing ABR Stock Performance
During the last five days, there has been a surge of approximately 2.68%. Over the course of the year, Arbor Realty Trust Inc. shares have dropped approximately -14.23%. Shares of the company reached a 52-week high of $15.32 on 01/12/24 and a 52-week low of $11.92 on 02/08/24. A 50-day SMA is recorded $13.28, while a 200-day SMA reached $14.35. Nevertheless, trading volume fell to 3.92 million shares from 2.64 million shares the previous day.
Support And Resistance Levels for Arbor Realty Trust Inc. (ABR)
According to the 24-hour chart, there is a support level at 12.90, which, if violated, would cause prices to drop to 12.79. In the upper region, resistance lies at 13.23. The next price resistance is at 13.45. RSI (Relative Strength Index) is 50.32 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.03, which suggests the price will decrease in the coming days. Percent R is at 31.69%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Arbor Realty Trust Inc. subject to short interest?
Stocks of Arbor Realty Trust Inc. saw a sharp rise in short interest on Feb 29, 2024 jumping by 5.61 million shares to 69.51 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 63.9 million shares. A jump of 8.07% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 10.17 of the overall float, the days-to-cover ratio (short ratio) jumped to 10.17.
