STAG Industrial Inc’s recently made public that its CHIEF ACCOUNTING OFFICER Paul Jaclyn unloaded Company’s shares for reported $0.5 million on Dec 21 ’23. In the deal valued at $38.57 per share,12,900 shares were sold. As a result of this transaction, Paul Jaclyn now holds 10,916 shares worth roughly $0.41 million.
Then, Crooker William R sold 25,000 shares, generating $970,982 in total proceeds. Upon selling the shares at $38.84, the CEO AND PRESIDENT now owns 0 shares.
Before that, Butcher Benjamin S sold 25,000 shares. STAG Industrial Inc shares valued at $970,908 were divested by the Director at a price of $38.84 per share. As a result of the transaction, Butcher Benjamin S now holds 7,522 shares, worth roughly $0.28 million.
Barclays initiated its STAG Industrial Inc [STAG] rating to an Equal weight in a research note published on March 27, 2024; the price target was $40. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who decreased its forecast for the stock in early January from “an Outperform” to “a Neutral”. RBC Capital Mkts also remained covering STAG and has decreased its forecast on November 03, 2023 with a “Sector perform” recommendation from previously “an Outperform” rating. BMO Capital Markets started covering the stock on February 06, 2023. It rated STAG as “an Outperform”.
Price Performance Review of STAG
On Friday, STAG Industrial Inc [NYSE:STAG] saw its stock jump 0.83% to $37.51. Over the last five days, the stock has lost -2.42%. STAG Industrial Inc shares have fallen nearly -4.46% since the year began. Nevertheless, the stocks have risen 12.54% over the past one year. While a 52-week high of $39.61 was reached on 01/02/24, a 52-week low of $31.69 was recorded on 02/13/24. SMA at 50 days reached $37.70, while 200 days put it at $36.52. A total of 0.65 million shares were traded, compared to the trading of 0.9 million shares in the previous session.
Levels Of Support And Resistance For STAG Stock
The 24-hour chart illustrates a support level at 37.18, which if violated will result in even more drops to 36.85. On the upside, there is a resistance level at 37.68. A further resistance level may holdings at 37.86. The Relative Strength Index (RSI) on the 14-day chart is 48.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.67%. Stochastics %K at 31.12% indicates the stock is a holding.
How much short interest is there in STAG Industrial Inc?
A steep rise in short interest was recorded in STAG Industrial Inc stocks on Mar 15, 2024, growing by 0.53 million shares to a total of 6.35 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 5.82 million shares. There was a rise of 8.35%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.75% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.83.
