Rexford Industrial Realty Inc’s recent filing unveils that its General Counsel & Secretary Lanzer David E. unloaded Company’s shares for reported $0.95 million on Feb 12 ’24. In the deal valued at $52.69 per share,18,113 shares were sold. As a result of this transaction, Lanzer David E. now holds 0 shares worth roughly $0.0.
Then, CLARK LAURA E sold 7,410 shares, generating $403,703 in total proceeds. Upon selling the shares at $54.48, the Chief Financial Officer now owns 2,562 shares.
Before that, Schwimmer Howard sold 35,505 shares. Rexford Industrial Realty Inc shares valued at $1,986,093 were divested by the Co-CEO, Co-President at a price of $55.94 per share. As a result of the transaction, Schwimmer Howard now holds 50,862 shares, worth roughly $2.29 million.
Barclays initiated its Rexford Industrial Realty Inc [REXR] rating to an Underweight in a research note published on March 27, 2024; the price target was $45. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in early February from “an Overweight” to “a Neutral”. Robert W. Baird also remained covering REXR and has decreased its forecast on January 05, 2024 with a “Neutral” recommendation from previously “an Outperform” rating. Scotiabank revised its rating on November 08, 2023. It rated REXR as “a Sector outperform” which previously was an “a Sector perform”.
Price Performance Review of REXR
On Monday, Rexford Industrial Realty Inc [NYSE:REXR] saw its stock fall -3.45% to $45.07. Over the last five days, the stock has lost -8.00%. Rexford Industrial Realty Inc shares have fallen nearly -19.66% since the year began. Nevertheless, the stocks have fallen -18.22% over the past one year. While a 52-week high of $58.02 was reached on 01/09/24, a 52-week low of $41.56 was recorded on 04/15/24. SMA at 50 days reached $51.03, while 200 days put it at $51.38. A total of 2.89 million shares were traded, compared to the trading of 1.9 million shares in the previous session.
Levels Of Support And Resistance For REXR Stock
The 24-hour chart illustrates a support level at 44.37, which if violated will result in even more drops to 43.67. On the upside, there is a resistance level at 46.38. A further resistance level may holdings at 47.68. The Relative Strength Index (RSI) on the 14-day chart is 24.17, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.97, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.33%. Stochastics %K at 4.87% indicates the stock is a buying.
The most recent change occurred on October 12, 2023 when Truist began covering the stock and recommended ‘”a Buy”‘ rating along with a $56 price target.
