Seritage Growth Properties’s recent filing unveils that its 10% Owner LAMPERT EDWARD S unloaded Company’s shares for reported $0.25 million on Apr 01 ’24. In the deal valued at $9.76 per share,25,655 shares were sold. As a result of this transaction, LAMPERT EDWARD S now holds 13,484,162 shares worth roughly $124.19 million.
Then, LAMPERT EDWARD S sold 6,447 shares, generating $61,923 in total proceeds. Upon selling the shares at $9.61, the 10% Owner now owns 13,509,817 shares.
Before that, LAMPERT EDWARD S sold 20,694 shares. Seritage Growth Properties shares valued at $198,681 were divested by the 10% Owner at a price of $9.60 per share. As a result of the transaction, LAMPERT EDWARD S now holds 13,516,264 shares, worth roughly $124.48 million.
Odeon initiated its Seritage Growth Properties [SRG] rating to a Buy in a research note published on July 12, 2023; the price target was $14.
Price Performance Review of SRG
On Monday, Seritage Growth Properties [NYSE:SRG] saw its stock fall -1.60% to $9.21. Over the last five days, the stock has lost -4.86%. Seritage Growth Properties shares have fallen nearly -1.50% since the year began. Nevertheless, the stocks have risen 9.77% over the past one year. While a 52-week high of $9.92 was reached on 04/09/24, a 52-week low of $7.07 was recorded on 03/18/24. SMA at 50 days reached $9.41, while 200 days put it at $8.77. A total of 0.96 million shares were traded, compared to the trading of 0.52 million shares in the previous session.
Levels Of Support And Resistance For SRG Stock
The 24-hour chart illustrates a support level at 9.13, which if violated will result in even more drops to 9.04. On the upside, there is a resistance level at 9.35. A further resistance level may holdings at 9.48. The Relative Strength Index (RSI) on the 14-day chart is 42.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.65%. Stochastics %K at 24.73% indicates the stock is a holding.
