The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Equity Residential Properties Trust shares valued at $50,633 were sold by Garechana Robert on Feb 13 ’24. At $57.80 per share, Garechana Robert sold 876 shares. The insider’s holdings dropped to 20,933 shares worth approximately $1.33 million following the completion of this transaction.
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Also, Fenster Scott sold 829 shares, netting a total of over 47,916 in proceeds. Following the sale of shares at $57.80 each, the insider now holds 35,464 shares.
Before that, Kaufman Ian had sold 716 shares from its account. In a trade valued at $41,385, the Chief Accounting Officer traded Equity Residential Properties Trust shares for $57.80 each. Upon closing the transaction, the insider’s holdings decreased to 716 shares, worth approximately $1.52 million.
As published in a research note from Raymond James on March 18, 2024, Equity Residential Properties Trust [EQR] has been rated up from an Underperform to a Mkt perform. As of January 30, 2024, Deutsche Bank has initiated its “Hold” rating for EQR. Earlier on December 11, 2023, Mizuho downgraded its rating. Their new recommendation was “a Neutral” for EQR stock which previously was a “a Buy”.
Analyzing EQR Stock Performance
During the last five days, there has been a surge of approximately 1.73%. Over the course of the year, Equity Residential Properties Trust shares have jumped approximately 3.74%. Shares of the company reached a 52-week high of $63.78 on 03/21/24 and a 52-week low of $57.33 on 02/13/24. A 50-day SMA is recorded $60.70, while a 200-day SMA reached $61.47. Nevertheless, trading volume fell to 2.5 million shares from 1.5 million shares the previous day.
Support And Resistance Levels for Equity Residential Properties Trust (EQR)
According to the 24-hour chart, there is a support level at 62.83, which, if violated, would cause prices to drop to 62.20. In the upper region, resistance lies at 63.93. The next price resistance is at 64.40. RSI (Relative Strength Index) is 60.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.02, which suggests the price will decrease in the coming days. Percent R is at 9.58%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Equity Residential Properties Trust subject to short interest?
Stocks of Equity Residential Properties Trust saw a sharp steep in short interest on Feb 29, 2024 dropping by -0.12 million shares to 5.09 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 5.21 million shares. A decline of -2.36% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.21 of the overall float, the days-to-cover ratio (short ratio) decline to 2.21.
