SL Green Realty Corp.’s recent filing unveils that its Director Brown Carol N unloaded Company’s shares for reported $0.23 million on Feb 09 ’24. In the deal valued at $44.37 per share,5,118 shares were sold. As a result of this transaction, Brown Carol N now holds 0 shares worth roughly $0.0.
Then, ATKINS BETSY S sold 9,894 shares, generating $467,492 in total proceeds. Upon selling the shares at $47.25, the Director now owns 6,886 shares.
Before that, HATKOFF CRAIG M sold 5,100 shares. SL Green Realty Corp. shares valued at $238,425 were divested by the Director at a price of $46.75 per share. As a result of the transaction, HATKOFF CRAIG M now holds 2,070 shares, worth roughly $0.1 million.
Barclays upgraded its SL Green Realty Corp. [SLG] rating to an Equal weight from a an Underweight in a research note published on March 27, 2024; the price target was increased to $48 from $35. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who decreased its forecast for the stock in mid March from “an In-line” to “an Underperform”. Deutsche Bank began covering SLG with “Hold” recommendation on January 30, 2024. Truist revised its rating on January 16, 2024. It rated SLG as “a Hold” which previously was an “a Buy”.
Price Performance Review of SLG
On Monday, SL Green Realty Corp. [NYSE:SLG] saw its stock fall -2.95% to $49.68. Over the last five days, the stock has lost -7.78%. SL Green Realty Corp. shares have risen nearly 9.98% since the year began. Nevertheless, the stocks have risen 113.04% over the past one year. While a 52-week high of $55.75 was reached on 03/28/24, a 52-week low of $20.51 was recorded on 01/18/24. SMA at 50 days reached $49.26, while 200 days put it at $40.54. A total of 1.14 million shares were traded, compared to the trading of 1.13 million shares in the previous session.
Levels Of Support And Resistance For SLG Stock
The 24-hour chart illustrates a support level at 48.54, which if violated will result in even more drops to 47.41. On the upside, there is a resistance level at 51.35. A further resistance level may holdings at 53.03. The Relative Strength Index (RSI) on the 14-day chart is 45.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.03%. Stochastics %K at 23.23% indicates the stock is a holding.
The most recent change occurred on September 26, 2023 when Compass Point began covering the stock and recommended ‘”a Sell”‘ rating along with a $27 price target.
