In a filing, Wheeler Real Estate Investment Trust Inc revealed its Director STILWELL JOSEPH acquired Company’s shares for reported $56940.0 on Dec 21 ’23. In the deal valued at $0.28 per share,200,000 shares were bought. As a result of this transaction, STILWELL JOSEPH now holds 15,179,309 shares worth roughly $2.43 million.
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Then, STILWELL JOSEPH bought 319,238 shares, generating $90,951 in total proceeds. Upon buying the shares at $0.28, the Director now owns 15,041,309 shares.
Before that, Steamboat Capital Partners, LL sold 274,302 shares. Wheeler Real Estate Investment Trust Inc shares valued at $86,433 were divested by the 10% Owner at a price of $0.32 per share. As a result of the transaction, Steamboat Capital Partners, LL now holds 5,998 shares, worth roughly $959.6800000000001.
B. Riley FBR Inc. reiterated its Wheeler Real Estate Investment Trust Inc [WHLR] rating to a Buy in a research note published on February 20, 2018; the price target was $9. A number of analysts have revised their coverage, including B. Riley FBR Inc.’s analysts, who remained covering the stock and in mid January has reiterated a ‘”a Buy”‘ rating for it. Compass Point also remained covering WHLR and has decreased its forecast on November 03, 2017 with a “Neutral” recommendation from previously “Buy” rating.
Price Performance Review of WHLR
On Tuesday, Wheeler Real Estate Investment Trust Inc [NASDAQ:WHLR] saw its stock fall -0.85% to $0.16. Over the last five days, the stock has gained 0.12%. Wheeler Real Estate Investment Trust Inc shares have fallen nearly -46.77% since the year began. Nevertheless, the stocks have fallen -98.86% over the past one year. While a 52-week high of $14.20 was reached on 01/02/24, a 52-week low of $0.15 was recorded on 02/26/24. SMA at 50 days reached $0.1880, while 200 days put it at $2.2505. A total of 0.32 million shares were traded, compared to the trading of 0.41 million shares in the previous session.
Levels Of Support And Resistance For WHLR Stock
The 24-hour chart illustrates a support level at 0.1522, which if violated will result in even more drops to 0.1420. On the upside, there is a resistance level at 0.1763. A further resistance level may holdings at 0.1902. The Relative Strength Index (RSI) on the 14-day chart is 41.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0159, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.86%. Stochastics %K at 8.88% indicates the stock is a buying.
How much short interest is there in Wheeler Real Estate Investment Trust Inc?
A steep rise in short interest was recorded in Wheeler Real Estate Investment Trust Inc stocks on Feb 29, 2024, dropping by -0.2 million shares to a total of 19960.0 shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 0.22 million shares. There was a decline of -991.98%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 0.03% of the overall stock float, the days-to-cover ratio (short ratio) fell to 0.04.
