In a filing, Arbor Realty Trust Inc. revealed its Director Green William C acquired Company’s shares for reported $0.13 million on Mar 18 ’24. In the deal valued at $12.93 per share,10,209 shares were bought. As a result of this transaction, Green William C now holds 162,809 shares worth roughly $1.99 million.
Then, KAUFMAN IVAN bought 10,000 shares, generating $120,500 in total proceeds. Upon buying the shares at $12.05, the COB, CEO and President now owns 1,108,412 shares.
Before that, KAUFMAN IVAN bought 10,000 shares. Arbor Realty Trust Inc. shares valued at $118,600 were divested by the COB, CEO and President at a price of $11.86 per share. As a result of the transaction, KAUFMAN IVAN now holds 1,098,412 shares, worth roughly $13.4 million.
Wedbush downgraded its Arbor Realty Trust Inc. [ABR] rating to a Neutral from a an Outperform in a research note published on April 11, 2024; the price target was decreased to $13 from $17. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in late July from “an Overweight” to “an Underweight”. JP Morgan also remained covering ABR and has decreased its forecast on July 24, 2023 with a “an Underweight” recommendation from previously “Neutral” rating. Wedbush started covering the stock on June 02, 2023. It rated ABR as “an Outperform”.
Price Performance Review of ABR
On Friday, Arbor Realty Trust Inc. [NYSE:ABR] saw its stock fall -1.77% to $12.20. Over the last five days, the stock has lost -5.86%. Arbor Realty Trust Inc. shares have fallen nearly -19.63% since the year began. Nevertheless, the stocks have risen 25.82% over the past one year. While a 52-week high of $16.74 was reached on 01/12/24, a 52-week low of $9.22 was recorded on 02/08/24. SMA at 50 days reached $12.88, while 200 days put it at $14.26. A total of 3.39 million shares were traded, compared to the trading of 6.99 million shares in the previous session.
Levels Of Support And Resistance For ABR Stock
The 24-hour chart illustrates a support level at 12.08, which if violated will result in even more drops to 11.96. On the upside, there is a resistance level at 12.35. A further resistance level may holdings at 12.50. The Relative Strength Index (RSI) on the 14-day chart is 36.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.62%. Stochastics %K at 19.98% indicates the stock is a buying.
