In a filing, Arbor Realty Trust Inc. revealed its Director Green William C acquired Company’s shares for reported $0.13 million on Mar 18 ’24. In the deal valued at $12.93 per share,10,209 shares were bought. As a result of this transaction, Green William C now holds 162,809 shares worth roughly $2.11 million.
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Then, KAUFMAN IVAN bought 10,000 shares, generating $120,500 in total proceeds. Upon buying the shares at $12.05, the COB, CEO and President now owns 1,108,412 shares.
Before that, KAUFMAN IVAN bought 10,000 shares. Arbor Realty Trust Inc. shares valued at $118,600 were divested by the COB, CEO and President at a price of $11.86 per share. As a result of the transaction, KAUFMAN IVAN now holds 1,098,412 shares, worth roughly $14.21 million.
Piper Sandler downgraded its Arbor Realty Trust Inc. [ABR] rating to an Underweight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in late July from “a Neutral” to “an Underweight”. Wedbush began covering ABR with “an Outperform” recommendation on June 02, 2023. JP Morgan revised its rating on April 24, 2023. It rated ABR as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of ABR
On Monday, Arbor Realty Trust Inc. [NYSE:ABR] saw its stock jump 0.31% to $12.94. Over the last five days, the stock has gained 1.17%. Arbor Realty Trust Inc. shares have fallen nearly -14.76% since the year began. Nevertheless, the stocks have risen 30.75% over the past one year. While a 52-week high of $16.74 was reached on 01/12/24, a 52-week low of $9.22 was recorded on 02/08/24. SMA at 50 days reached $13.19, while 200 days put it at $14.34. A total of 1.82 million shares were traded, compared to the trading of 3.93 million shares in the previous session.
Levels Of Support And Resistance For ABR Stock
The 24-hour chart illustrates a support level at 12.87, which if violated will result in even more drops to 12.79. On the upside, there is a resistance level at 13.07. A further resistance level may holdings at 13.19. The Relative Strength Index (RSI) on the 14-day chart is 49.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 48.15%. Stochastics %K at 58.74% indicates the stock is a holding.
How much short interest is there in Arbor Realty Trust Inc.?
A steep rise in short interest was recorded in Arbor Realty Trust Inc. stocks on Feb 29, 2024, growing by 5.61 million shares to a total of 69.51 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 63.9 million shares. There was a rise of 8.07%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 38.13% of the overall stock float, the days-to-cover ratio (short ratio) rose to 10.17.
The most recent change occurred on April 25, 2022 when Piper Sandler began covering the stock and recommended ‘”an Overweight”‘ rating along with a $20 price target.
