Regency Centers Corporation’s filing revealed that its President and CEO PALMER LISA unloaded Company’s shares for reported $1.55 million on Feb 21 ’24. In the deal valued at $61.22 per share,25,306 shares were sold. As a result of this transaction, PALMER LISA now holds 130,001 shares worth roughly $7.53 million.
Then, STEIN MARTIN E JR sold 25,000 shares, generating $1,700,000 in total proceeds. Upon selling the shares at $68.00, the Executive Chairman now owns 311,899 shares.
Before that, ROTH ALAN TODD sold 3,869 shares. Regency Centers Corporation shares valued at $249,875 were divested by the EVP, E. Regional Pres. at a price of $64.58 per share. As a result of the transaction, ROTH ALAN TODD now holds 13,250 shares, worth roughly $0.77 million.
Wells Fargo initiated its Regency Centers Corporation [REG] rating to an Overweight in a research note published on February 01, 2024; the price target was $70. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in late January with a ‘”a Buy”‘ rating. Evercore ISI also remained covering REG and has increased its forecast on January 22, 2024 with a “an Outperform” recommendation from previously “an In-line” rating. Morgan Stanley revised its rating on December 21, 2023. It rated REG as “an Overweight” which previously was an “an Equal-weight”.
Price Performance Review of REG
On Monday, Regency Centers Corporation [NASDAQ:REG] saw its stock fall -0.97% to $57.92. Over the last five days, the stock has lost -2.15%. Regency Centers Corporation shares have fallen nearly -13.55% since the year began. Nevertheless, the stocks have fallen -3.47% over the past one year. While a 52-week high of $68.47 was reached on 01/02/24, a 52-week low of $54.72 was recorded on 04/15/24. SMA at 50 days reached $60.44, while 200 days put it at $62.12. A total of 1.62 million shares were traded, compared to the trading of 1.99 million shares in the previous session.
Levels Of Support And Resistance For REG Stock
The 24-hour chart illustrates a support level at 57.34, which if violated will result in even more drops to 56.76. On the upside, there is a resistance level at 58.66. A further resistance level may holdings at 59.41. The Relative Strength Index (RSI) on the 14-day chart is 38.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.27%. Stochastics %K at 18.24% indicates the stock is a buying.
