Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Realty Income Corp. shares valued at $271,150 were sold by Chapman A. Larry on Apr 09 ’24. At $54.23 per share, Chapman A. Larry sold 5,000 shares. The insider’s holdings dropped to 6,257 shares worth approximately $0.33 million following the completion of this transaction.
Also, Chapman A. Larry sold 3,500 shares, netting a total of over 199,436 in proceeds. Following the sale of shares at $56.98 each, the insider now holds 10,590 shares.
As published in their initiating research note from BMO Capital Markets on February 13, 2024, Realty Income Corp. [O] has been a Market perform and the price target has been revised to $57. Analysts at Exane BNP Paribas upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in mid December. As of December 11, 2023, Mizuho has increased its “Neutral” rating to a “Buy” for O. Earlier on December 06, 2023, Wolfe Research upgraded its rating. Their new recommendation was “an Outperform” for O stock which previously was a “a Peer perform”.
Analyzing O Stock Performance
During the last five days, there has been a drop of approximately -0.72%. Over the course of the year, Realty Income Corp. shares have dropped approximately -9.02%. Shares of the company reached a 52-week high of $59.83 on 01/09/24 and a 52-week low of $50.90 on 03/01/24. A 50-day SMA is recorded $52.74, while a 200-day SMA reached $54.75. Nevertheless, trading volume fell to 5.72 million shares from 7.58 million shares the previous day.
Support And Resistance Levels for Realty Income Corp. (O)
According to the 24-hour chart, there is a support level at 51.97, which, if violated, would cause prices to drop to 51.70. In the upper region, resistance lies at 52.63. The next price resistance is at 53.03. RSI (Relative Strength Index) is 45.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.07, which suggests the price will decrease in the coming days. Percent R is at 79.93%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Realty Income Corp. subject to short interest?
Stocks of Realty Income Corp. saw a sharp steep in short interest on Mar 28, 2024 dropping by -1.17 million shares to 11.31 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 12.48 million shares. A decline of -10.34% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.75 of the overall float, the days-to-cover ratio (short ratio) decline to 1.75.
