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. Alexandria Real Estate Equities Inc. shares valued at $380,010 were sold by Lee Orraparn C. on Mar 13 ’24. At $126.67 per share, Lee Orraparn C. sold 3,000 shares. The insider’s holdings dropped to 43,146 shares worth approximately $5.35 million following the completion of this transaction.
Also, Moglia Peter M sold 3,200 shares, netting a total of over 393,280 in proceeds. Following the sale of shares at $122.90 each, the insider now holds 249,683 shares.
Before that, MARCUS JOEL S had sold 7,500 shares from its account. In a trade valued at $891,900, the Executive Chairman traded Alexandria Real Estate Equities Inc. shares for $118.92 each. Upon closing the transaction, the insider’s holdings decreased to 7,500 shares, worth approximately $53.22 million.
As published in their initiating research note from Deutsche Bank on January 30, 2024, Alexandria Real Estate Equities Inc. [ARE] has been a Buy and the price target has been revised to $140. Analysts at Exane BNP Paribas started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid October. As of October 03, 2023, Wedbush has initiated its “an Outperform” rating for ARE. Earlier on July 20, 2023, Jefferies initiated its rating. Their recommendation was “a Buy” for ARE stock.
Analyzing ARE Stock Performance
During the last five days, there has been a surge of approximately 1.13%. Over the course of the year, Alexandria Real Estate Equities Inc. shares have dropped approximately -2.26%. Shares of the company reached a 52-week high of $131.36 on 01/02/24 and a 52-week low of $111.19 on 02/13/24. A 50-day SMA is recorded $122.74, while a 200-day SMA reached $115.98. Nevertheless, trading volume fell to 0.69 million shares from 0.72 million shares the previous day.
Support And Resistance Levels for Alexandria Real Estate Equities Inc. (ARE)
According to the 24-hour chart, there is a support level at 122.29, which, if violated, would cause prices to drop to 120.67. In the upper region, resistance lies at 125.11. The next price resistance is at 126.31. RSI (Relative Strength Index) is 48.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.01, which suggests the price will decrease in the coming days. Percent R is at 67.08%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Alexandria Real Estate Equities Inc. subject to short interest?
Stocks of Alexandria Real Estate Equities Inc. saw a sharp steep in short interest on Mar 15, 2024 dropping by -0.19 million shares to 4.69 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 4.88 million shares. A decline of -4.05% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 4.56 of the overall float, the days-to-cover ratio (short ratio) decline to 4.56.
