DLR (Digital Realty Trust Inc) may reap gains as insiders became active recently

In a filing, Digital Realty Trust Inc revealed its Director MANDEVILLE JEAN F H P unloaded Company’s shares for reported $0.49 million on Mar 12 ’24. In the deal valued at $145.50 per share,3,400 shares were sold. As a result of this transaction, MANDEVILLE JEAN F H P now holds 8,413 shares worth roughly $1.17 million.

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Then, Fiedelman Cindy sold 2,770 shares, generating $346,250 in total proceeds. Upon selling the shares at $125.00, the CHIEF HUMAN RESOURCES OFFICER now owns 0 shares.

Before that, Olson Peter C. sold 700 shares. Digital Realty Trust Inc shares valued at $73,969 were divested by the CHIEF ACCOUNTING OFFICER at a price of $105.67 per share. As a result of the transaction, Olson Peter C. now holds 7,134 shares, worth roughly $0.99 million.

Scotiabank downgraded its Digital Realty Trust Inc [DLR] rating to a Sector perform from a a Sector outperform in a research note published recently. A number of analysts have revised their coverage, including Scotiabank’s analysts, who increased its forecast for the stock in late January from “a Sector perform” to “a Sector outperform”. KeyBanc Capital Markets began covering DLR with “Sector weight” recommendation on December 06, 2023. HSBC Securities started covering the stock on December 01, 2023. It rated DLR as “a Reduce”.

Price Performance Review of DLR

On Friday, Digital Realty Trust Inc [NYSE:DLR] saw its stock fall -1.07% to $138.51. Over the last five days, the stock has lost -1.67%. Digital Realty Trust Inc shares have risen nearly 2.92% since the year began. Nevertheless, the stocks have risen 50.08% over the past one year. While a 52-week high of $154.18 was reached on 03/05/24, a 52-week low of $86.33 was recorded on 01/05/24. SMA at 50 days reached $142.42, while 200 days put it at $128.70. A total of 1.81 million shares were traded, compared to the trading of 2.24 million shares in the previous session.

Levels Of Support And Resistance For DLR Stock

The 24-hour chart illustrates a support level at 137.32, which if violated will result in even more drops to 136.14. On the upside, there is a resistance level at 140.07. A further resistance level may holdings at 141.63. The Relative Strength Index (RSI) on the 14-day chart is 40.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.75, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.06%. Stochastics %K at 11.53% indicates the stock is a buying.

How much short interest is there in Digital Realty Trust Inc?

A steep rise in short interest was recorded in Digital Realty Trust Inc stocks on Feb 29, 2024, dropping by -1.45 million shares to a total of 10.56 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 12.01 million shares. There was a decline of -13.73%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.98% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.14.

The most recent change occurred on October 13, 2023 when Scotiabank began covering the stock and recommended ‘”a Sector perform”‘ rating along with a $132 price target.

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