In a filing, Gaming and Leisure Properties Inc revealed its Director Urdang E Scott acquired Company’s shares for reported $0.11 million on Mar 01 ’24. In the deal valued at $45.00 per share,2,500 shares were bought. As a result of this transaction, Urdang E Scott now holds 156,685 shares worth roughly $7.12 million.
Then, Moore Brandon John sold 26,623 shares, generating $1,301,598 in total proceeds. Upon selling the shares at $48.89, the COO, Gen Counsel & Sec now owns 242,414 shares.
Before that, Demchyk Matthew sold 25,391 shares. Gaming and Leisure Properties Inc shares valued at $1,240,858 were divested by the SVP, Chief Investment Officer at a price of $48.87 per share. As a result of the transaction, Demchyk Matthew now holds 57,976 shares, worth roughly $2.64 million.
JP Morgan downgraded its Gaming and Leisure Properties Inc [GLPI] rating to a Neutral from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Mizuho’s analysts, who decreased its forecast for the stock in mid December from “a Buy” to “a Neutral”. Goldman began covering GLPI with “Neutral” recommendation on December 08, 2023. Wedbush started covering the stock on October 03, 2023. It rated GLPI as “an Outperform”.
Price Performance Review of GLPI
On Monday, Gaming and Leisure Properties Inc [NASDAQ:GLPI] saw its stock jump 0.64% to $45.45. Over the last five days, the stock has lost -0.15%. Gaming and Leisure Properties Inc shares have fallen nearly -7.90% since the year began. Nevertheless, the stocks have fallen -11.02% over the past one year. While a 52-week high of $52.45 was reached on 01/02/24, a 52-week low of $43.54 was recorded on 02/28/24. SMA at 50 days reached $45.49, while 200 days put it at $46.65. A total of 0.83 million shares were traded, compared to the trading of 0.73 million shares in the previous session.
Levels Of Support And Resistance For GLPI Stock
The 24-hour chart illustrates a support level at 45.15, which if violated will result in even more drops to 44.84. On the upside, there is a resistance level at 45.65. A further resistance level may holdings at 45.84. The Relative Strength Index (RSI) on the 14-day chart is 49.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.65%. Stochastics %K at 33.45% indicates the stock is a holding.
How much short interest is there in Gaming and Leisure Properties Inc?
A steep rise in short interest was recorded in Gaming and Leisure Properties Inc stocks on Mar 15, 2024, growing by 0.59 million shares to a total of 3.97 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 3.38 million shares. There was a rise of 14.86%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.78% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.38.
The most recent change occurred on September 21, 2023 when Wells Fargo began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $50 price target.
