Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Retail Opportunity Investments Corp shares valued at $16,740 were purchased by Indiveri Michael J. on Oct 30 ’23. At $11.16 per share, Indiveri Michael J. acquired 1,500 shares. The insider’s holdings grew to 9,900 shares worth approximately $0.12 million following the completion of this transaction.
Also, POMERANTZ LAURA H sold 4,000 shares, netting a total of over 53,820 in proceeds. Following the sale of shares at $13.46 each, the insider now holds 51,557 shares.
As published in a research note from BofA Securities on April 05, 2024, Retail Opportunity Investments Corp [ROIC] has been rated down from a Neutral to an Underperform and the price target has been revised to $12 from $14.50. Analysts at KeyBanc Capital Markets upgraded the stock from ‘”a Sector weight”‘ to ‘”an Overweight”‘ outlook in a report released in early January. As of November 06, 2023, BofA Securities has decreased its “Buy” rating to a “Neutral” for ROIC. Earlier on September 20, 2023, Wells Fargo downgraded its rating. Their new recommendation was “an Equal weight” for ROIC stock which previously was a “an Overweight”.
Analyzing ROIC Stock Performance
During the last five days, there has been a drop of approximately -0.16%. Over the course of the year, Retail Opportunity Investments Corp shares have dropped approximately -11.62%. Shares of the company reached a 52-week high of $14.28 on 01/24/24 and a 52-week low of $11.88 on 04/05/24. A 50-day SMA is recorded $12.93, while a 200-day SMA reached $13.19. Nevertheless, trading volume fell to 2.1 million shares from 0.84 million shares the previous day.
Support And Resistance Levels for Retail Opportunity Investments Corp (ROIC)
According to the 24-hour chart, there is a support level at 12.27, which, if violated, would cause prices to drop to 12.13. In the upper region, resistance lies at 12.55. The next price resistance is at 12.69. RSI (Relative Strength Index) is 44.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.04, which suggests the price will decrease in the coming days. Percent R is at 50.48%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Retail Opportunity Investments Corp subject to short interest?
Stocks of Retail Opportunity Investments Corp saw a sharp steep in short interest on Mar 15, 2024 dropping by -0.53 million shares to 3.48 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 4.01 million shares. A decline of -15.23% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.49 of the overall float, the days-to-cover ratio (short ratio) decline to 2.49.
