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. Digital Realty Trust Inc shares valued at $494,700 were sold by MANDEVILLE JEAN F H P on Mar 12 ’24. At $145.50 per share, MANDEVILLE JEAN F H P sold 3,400 shares. The insider’s holdings dropped to 8,413 shares worth approximately $1.21 million following the completion of this transaction.
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Also, Fiedelman Cindy sold 2,770 shares, netting a total of over 346,250 in proceeds. Following the sale of shares at $125.00 each, the insider now holds 0 shares.
Before that, Olson Peter C. had sold 700 shares from its account. In a trade valued at $73,969, the CHIEF ACCOUNTING OFFICER traded Digital Realty Trust Inc shares for $105.67 each. Upon closing the transaction, the insider’s holdings decreased to 700 shares, worth approximately $1.03 million.
As published in a research note from Scotiabank on February 16, 2024, Digital Realty Trust Inc [DLR] has been rated down from a Sector outperform to a Sector perform and the price target has been revised to $157. Analysts at Scotiabank upgraded the stock from ‘”a Sector perform”‘ to ‘”a Sector outperform”‘ outlook in a report released in late January. As of December 06, 2023, KeyBanc Capital Markets has initiated its “Sector weight” rating for DLR. Earlier on December 01, 2023, HSBC Securities initiated its rating. Their recommendation was “a Reduce” for DLR stock.
Analyzing DLR Stock Performance
During the last five days, there has been a surge of approximately 2.02%. Over the course of the year, Digital Realty Trust Inc shares have jumped approximately 6.81%. Shares of the company reached a 52-week high of $154.18 on 03/05/24 and a 52-week low of $130.00 on 01/05/24. A 50-day SMA is recorded $142.64, while a 200-day SMA reached $129.24. Nevertheless, trading volume fell to 2.27 million shares from 1.75 million shares the previous day.
Support And Resistance Levels for Digital Realty Trust Inc (DLR)
According to the 24-hour chart, there is a support level at 140.87, which, if violated, would cause prices to drop to 138.01. In the upper region, resistance lies at 145.25. The next price resistance is at 146.76. RSI (Relative Strength Index) is 52.52 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.14, which suggests the price will decrease in the coming days. Percent R is at 57.86%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Digital Realty Trust Inc subject to short interest?
Stocks of Digital Realty Trust Inc saw a sharp steep in short interest on Feb 29, 2024 dropping by -1.45 million shares to 10.56 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 12.01 million shares. A decline of -13.73% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 4.14 of the overall float, the days-to-cover ratio (short ratio) decline to 4.14.
