Simon Property Group, Inc.’s recent filing unveils that its Director LEIBOWITZ REUBEN S acquired Company’s shares for reported $67535.0 on Apr 01 ’24. In the deal valued at $154.19 per share,438 shares were bought. As a result of this transaction, LEIBOWITZ REUBEN S now holds 53,116 shares worth roughly $7.98 million.
Then, HUBBARD ALLAN B bought 357 shares, generating $55,046 in total proceeds. Upon buying the shares at $154.19, the Director now owns 32,222 shares.
Before that, GLASSCOCK LARRY C bought 321 shares. Simon Property Group, Inc. shares valued at $49,495 were divested by the Director at a price of $154.19 per share. As a result of the transaction, GLASSCOCK LARRY C now holds 38,541 shares, worth roughly $5.79 million.
Morgan Stanley downgraded its Simon Property Group, Inc. [SPG] rating to an Equal-weight from a an Overweight in a research note published on December 21, 2023; the price target was increased to $143 from $132. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who decreased its forecast for the stock in early August from “an Outperform” to “an In-line”. Wolfe Research also remained covering SPG and has increased its forecast on July 06, 2023 with a “an Outperform” recommendation from previously “Peer perform” rating.
Price Performance Review of SPG
On Friday, Simon Property Group, Inc. [NYSE:SPG] saw its stock jump 1.49% to $150.15. Over the last five days, the stock has lost -4.05%. Simon Property Group, Inc. shares have risen nearly 5.26% since the year began. Nevertheless, the stocks have risen 34.89% over the past one year. While a 52-week high of $157.82 was reached on 03/21/24, a 52-week low of $100.17 was recorded on 02/05/24. SMA at 50 days reached $148.31, while 200 days put it at $127.93. A total of 0.86 million shares were traded, compared to the trading of 1.17 million shares in the previous session.
Levels Of Support And Resistance For SPG Stock
The 24-hour chart illustrates a support level at 148.36, which if violated will result in even more drops to 146.56. On the upside, there is a resistance level at 151.26. A further resistance level may holdings at 152.36. The Relative Strength Index (RSI) on the 14-day chart is 48.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.75%. Stochastics %K at 16.80% indicates the stock is a buying.
How much short interest is there in Simon Property Group, Inc.?
A steep rise in short interest was recorded in Simon Property Group, Inc. stocks on Mar 15, 2024, dropping by 30000.0 shares to a total of 4.05 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 4.08 million shares. There was a decline of -0.74%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.16% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.54.
The most recent change occurred on October 18, 2022 when Wolfe Research began covering the stock and recommended ‘”a Peer perform”‘ rating .
