The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Healthpeak Properties Inc. shares valued at $50,333 were sold by Hall Amy M on Dec 08 ’23. At $12.58 per share, Hall Amy M sold 4,001 shares. The insider’s holdings dropped to 35,824 shares worth approximately $0.67 million following the completion of this transaction.
Also, Becker Laurie P sold 22,322 shares, netting a total of over 300,677 in proceeds. Following the sale of shares at $13.47 each, the insider now holds 55,776 shares.
Before that, BLACK ALBERT JR had added 2,264 shares to its account. In a trade valued at $30,021, the Director bought Healthpeak Properties Inc. shares for $13.26 each. Upon closing the transaction, the insider’s holdings increased to 2,264 shares, worth approximately $1.9 million.
As published in a research note from BofA Securities on April 01, 2024, Healthpeak Properties Inc. [DOC] has been rated up from an Underperform to a Buy and the price target has been revised to $25 from $18. Earlier on January 05, 2024, KeyBanc Capital Markets downgraded its rating. Their new recommendation was “a Sector weight” for DOC stock which previously was a “an Overweight”.
Analyzing DOC Stock Performance
During the last five days, there has been a surge of approximately 1.63%. Over the course of the year, Healthpeak Properties Inc. shares have dropped approximately -5.66%. Shares of the company reached a 52-week high of $20.87 on 01/12/24 and a 52-week low of $16.01 on 02/28/24. A 50-day SMA is recorded $17.63, while a 200-day SMA reached $18.80. Nevertheless, trading volume fell to 5.6 million shares from 5.8 million shares the previous day.
Support And Resistance Levels for Healthpeak Properties Inc. (DOC)
According to the 24-hour chart, there is a support level at 18.46, which, if violated, would cause prices to drop to 18.24. In the upper region, resistance lies at 18.88. The next price resistance is at 19.07. RSI (Relative Strength Index) is 58.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.67, which suggests the price will decrease in the coming days. Percent R is at 36.43%, indicating low price movement. Stochastics %K at selling indicates that the stock is to be held.
Is Healthpeak Properties Inc. subject to short interest?
Stocks of Healthpeak Properties Inc. saw a sharp steep in short interest on Mar 28, 2024 dropping by -2.78 million shares to 10.72 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 13.5 million shares. A decline of -25.93% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.02 of the overall float, the days-to-cover ratio (short ratio) decline to 1.02.
