Net Lease Office Properties’s recent filing unveils that its Director PINOLA RICHARD J acquired Company’s shares for reported $50018.0 on Mar 08 ’24. In the deal valued at $24.21 per share,2,066 shares were bought. As a result of this transaction, PINOLA RICHARD J now holds 12,028 shares worth roughly $0.29 million.
BWS Financial initiated its Net Lease Office Properties [NLOP] rating to a Buy in a research note published on February 09, 2024; the price target was $60.
Price Performance Review of NLOP
On Tuesday, Net Lease Office Properties [NYSE:NLOP] saw its stock jump 3.04% to $24.38. Over the last five days, the stock has gained 3.35%. Net Lease Office Properties shares have risen nearly 31.93% since the year began. A total of 0.16 million shares were traded, compared to the trading of 0.22 million shares in the previous session.
Levels Of Support And Resistance For NLOP Stock
The 24-hour chart illustrates a support level at 23.77, which if violated will result in even more drops to 23.15. On the upside, there is a resistance level at 24.72. A further resistance level may holdings at 25.05. The Relative Strength Index (RSI) on the 14-day chart is 56.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 3.07%. Stochastics %K at 67.93% indicates the stock is a holding.
How much short interest is there in Net Lease Office Properties?
A steep rise in short interest was recorded in Net Lease Office Properties stocks on Mar 28, 2024, dropping by 21470.0 shares to a total of 0.44 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 0.46 million shares. There was a decline of -4.91%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.31% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.7.
