Alexandria Real Estate Equities Inc.’s filing revealed that its EVP – Accounting Lee Orraparn C. unloaded Company’s shares for reported $0.38 million on Mar 13 ’24. In the deal valued at $126.67 per share,3,000 shares were sold. As a result of this transaction, Lee Orraparn C. now holds 43,146 shares worth roughly $5.14 million.
Then, Moglia Peter M sold 3,200 shares, generating $393,280 in total proceeds. Upon selling the shares at $122.90, the Chief Executive Officer now owns 249,683 shares.
Before that, MARCUS JOEL S sold 7,500 shares. Alexandria Real Estate Equities Inc. shares valued at $891,900 were divested by the Executive Chairman at a price of $118.92 per share. As a result of the transaction, MARCUS JOEL S now holds 429,538 shares, worth roughly $51.19 million.
Deutsche Bank initiated its Alexandria Real Estate Equities Inc. [ARE] rating to a Buy in a research note published on January 30, 2024; the price target was $140. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who began to cover the stock in mid October with a ‘”a Neutral”‘ rating. Wedbush began covering ARE with “an Outperform” recommendation on October 03, 2023. Jefferies started covering the stock on July 20, 2023. It rated ARE as “a Buy”.
Price Performance Review of ARE
On Monday, Alexandria Real Estate Equities Inc. [NYSE:ARE] saw its stock fall -2.18% to $119.18. Over the last five days, the stock has lost -5.94%. Alexandria Real Estate Equities Inc. shares have fallen nearly -5.99% since the year began. Nevertheless, the stocks have fallen -0.01% over the past one year. While a 52-week high of $135.45 was reached on 01/02/24, a 52-week low of $90.73 was recorded on 02/13/24. SMA at 50 days reached $122.69, while 200 days put it at $116.04. A total of 0.57 million shares were traded, compared to the trading of 0.69 million shares in the previous session.
Levels Of Support And Resistance For ARE Stock
The 24-hour chart illustrates a support level at 117.12, which if violated will result in even more drops to 115.05. On the upside, there is a resistance level at 122.55. A further resistance level may holdings at 125.91. The Relative Strength Index (RSI) on the 14-day chart is 40.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.99, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.33%. Stochastics %K at 16.37% indicates the stock is a buying.
The most recent change occurred on June 23, 2022 when Credit Suisse began covering the stock and recommended ‘”a Neutral”‘ rating along with a $140 price target.
