In a filing, Sun Communities, Inc. revealed its Director Leupold Craig unloaded Company’s shares for reported $0.32 million on Mar 28 ’24. In the deal valued at $128.39 per share,2,500 shares were sold. As a result of this transaction, Leupold Craig now holds 0 shares worth roughly $0.0.
Then, Underwood Baxter sold 4,000 shares, generating $525,920 in total proceeds. Upon selling the shares at $131.48, the CEO – Safe Harbor Marinas, LLC now owns 66,852 shares.
Before that, LEWIS CLUNET R sold 500 shares. Sun Communities, Inc. shares valued at $65,565 were divested by the Director at a price of $131.13 per share. As a result of the transaction, LEWIS CLUNET R now holds 28,400 shares, worth roughly $3.42 million.
Deutsche Bank initiated its Sun Communities, Inc. [SUI] rating to a Hold in a research note published on January 30, 2024; the price target was $129. A number of analysts have revised their coverage, including Truist’s analysts, who decreased its forecast for the stock in mid January from “a Buy” to “a Hold”. Compass Point began covering SUI with “Neutral” recommendation on October 10, 2023. BofA Securities revised its rating on October 02, 2023. It rated SUI as “a Neutral” which previously was an “a Buy”.
Price Performance Review of SUI
On Monday, Sun Communities, Inc. [NYSE:SUI] saw its stock fall -0.22% to $120.42. Over the last five days, the stock has lost -4.49%. Sun Communities, Inc. shares have fallen nearly -9.90% since the year began. Nevertheless, the stocks have fallen -13.22% over the past one year. While a 52-week high of $141.52 was reached on 01/10/24, a 52-week low of $102.74 was recorded on 04/15/24. SMA at 50 days reached $128.27, while 200 days put it at $125.61. A total of 0.51 million shares were traded, compared to the trading of 0.46 million shares in the previous session.
Levels Of Support And Resistance For SUI Stock
The 24-hour chart illustrates a support level at 119.30, which if violated will result in even more drops to 118.18. On the upside, there is a resistance level at 121.56. A further resistance level may holdings at 122.69. The Relative Strength Index (RSI) on the 14-day chart is 35.19, 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 88.98%. Stochastics %K at 8.02% indicates the stock is a buying.
