Realty Income Corp.’s recent filing unveils that its Director Chapman A. Larry unloaded Company’s shares for reported $0.27 million on Apr 09 ’24. In the deal valued at $54.23 per share,5,000 shares were sold. As a result of this transaction, Chapman A. Larry now holds 6,257 shares worth roughly $0.32 million.
Then, Chapman A. Larry sold 3,500 shares, generating $199,436 in total proceeds. Upon selling the shares at $56.98, the Director now owns 10,590 shares.
BMO Capital Markets initiated its Realty Income Corp. [O] rating to a Market perform in a research note published on February 13, 2024; the price target was $57. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who increased its forecast for the stock in mid December from “a Neutral” to “an Outperform”. Mizuho also remained covering O and has increased its forecast on December 11, 2023 with a “Buy” recommendation from previously “Neutral” rating. Wolfe Research revised its rating on December 06, 2023. It rated O as “an Outperform” which previously was an “a Peer perform”.
Price Performance Review of O
On Monday, Realty Income Corp. [NYSE:O] saw its stock fall -0.71% to $51.65. Over the last five days, the stock has lost -3.71%. Realty Income Corp. shares have fallen nearly -10.05% since the year began. Nevertheless, the stocks have fallen -16.06% over the past one year. While a 52-week high of $64.18 was reached on 01/09/24, a 52-week low of $45.03 was recorded on 03/01/24. SMA at 50 days reached $52.62, while 200 days put it at $54.67. A total of 6.24 million shares were traded, compared to the trading of 6.41 million shares in the previous session.
Levels Of Support And Resistance For O Stock
The 24-hour chart illustrates a support level at 51.22, which if violated will result in even more drops to 50.78. On the upside, there is a resistance level at 52.22. A further resistance level may holdings at 52.78. The Relative Strength Index (RSI) on the 14-day chart is 41.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.98, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.13%. Stochastics %K at 13.95% indicates the stock is a buying.
