Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. STAG Industrial Inc shares valued at $497,553 were sold by Paul Jaclyn on Dec 21 ’23. At $38.57 per share, Paul Jaclyn sold 12,900 shares. The insider’s holdings dropped to 10,916 shares worth approximately $0.41 million following the completion of this transaction.
Also, Crooker William R sold 25,000 shares, netting a total of over 970,982 in proceeds. Following the sale of shares at $38.84 each, the insider now holds 0 shares.
Before that, Butcher Benjamin S had sold 25,000 shares from its account. In a trade valued at $970,908, the Director traded STAG Industrial Inc shares for $38.84 each. Upon closing the transaction, the insider’s holdings decreased to 25,000 shares, worth approximately $0.28 million.
As published in their initiating research note from Barclays on March 27, 2024, STAG Industrial Inc [STAG] has been an Equal weight and the price target has been revised to $40. Analysts at Robert W. Baird downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in early January. As of November 03, 2023, RBC Capital Mkts has decreased its “an Outperform” rating to a “Sector perform” for STAG. Earlier on February 06, 2023, BMO Capital Markets initiated its rating. Their recommendation was “an Outperform” for STAG stock.
Analyzing STAG Stock Performance
During the last five days, there has been a drop of approximately -0.38%. Over the course of the year, STAG Industrial Inc shares have dropped approximately -5.30%. Shares of the company reached a 52-week high of $39.61 on 01/02/24 and a 52-week low of $36.20 on 02/13/24. A 50-day SMA is recorded $37.70, while a 200-day SMA reached $36.56. Nevertheless, trading volume fell to 0.95 million shares from 0.65 million shares the previous day.
Support And Resistance Levels for STAG Industrial Inc (STAG)
According to the 24-hour chart, there is a support level at 36.93, which, if violated, would cause prices to drop to 36.69. In the upper region, resistance lies at 37.36. The next price resistance is at 37.55. RSI (Relative Strength Index) is 45.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.11, which suggests the price will decrease in the coming days. Percent R is at 81.03%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is STAG Industrial Inc subject to short interest?
Stocks of STAG Industrial Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.53 million shares to 6.35 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 5.82 million shares. A jump of 8.35% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.83 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.83.
