Retail Opportunity Investments Corp’s recently made public that its Director Indiveri Michael J. acquired Company’s shares for reported $16740.0 on Oct 30 ’23. In the deal valued at $11.16 per share,1,500 shares were bought. As a result of this transaction, Indiveri Michael J. now holds 9,900 shares worth roughly $0.12 million.
Then, POMERANTZ LAURA H sold 4,000 shares, generating $53,820 in total proceeds. Upon selling the shares at $13.46, the Director now owns 51,557 shares.
BofA Securities downgraded its Retail Opportunity Investments Corp [ROIC] rating to an Underperform from a a Neutral in a research note published on April 05, 2024; the price target was decreased to $12 from $14.50. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who increased its forecast for the stock in early January from “a Sector weight” to “an Overweight”. BofA Securities also remained covering ROIC and has decreased its forecast on November 06, 2023 with a “Neutral” recommendation from previously “Buy” rating. Wells Fargo revised its rating on September 20, 2023. It rated ROIC as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of ROIC
On Friday, Retail Opportunity Investments Corp [NASDAQ:ROIC] saw its stock fall -0.73% to $12.26. Over the last five days, the stock has lost -4.37%. Retail Opportunity Investments Corp shares have fallen nearly -12.62% since the year began. Nevertheless, the stocks have fallen -9.52% over the past one year. While a 52-week high of $15.16 was reached on 01/24/24, a 52-week low of $10.98 was recorded on 04/05/24. SMA at 50 days reached $13.01, while 200 days put it at $13.20. A total of 1.84 million shares were traded, compared to the trading of 0.62 million shares in the previous session.
Levels Of Support And Resistance For ROIC Stock
The 24-hour chart illustrates a support level at 11.98, which if violated will result in even more drops to 11.69. On the upside, there is a resistance level at 12.45. A further resistance level may holdings at 12.63. The Relative Strength Index (RSI) on the 14-day chart is 38.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.81%. Stochastics %K at 26.07% indicates the stock is a holding.
How much short interest is there in Retail Opportunity Investments Corp?
A steep rise in short interest was recorded in Retail Opportunity Investments Corp stocks on Mar 15, 2024, dropping by -0.53 million shares to a total of 3.48 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 4.01 million shares. There was a decline of -15.23%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.29% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.49.
