City Office REIT Inc’s recent filing unveils that its Director Mazan Michael acquired Company’s shares for reported $0.16 million on Mar 19 ’24. In the deal valued at $4.22 per share,39,000 shares were bought. As a result of this transaction, Mazan Michael now holds 39,000 shares worth roughly $0.17 million.
KeyBanc Capital Markets initiated its City Office REIT Inc [CIO] rating to a Sector weight in a research note published recently. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who decreased its forecast for the stock in mid November from “an Outperform” to “a Sector perform”. Raymond James also remained covering CIO and has decreased its forecast on March 27, 2020 with a “Mkt perform” recommendation from previously “an Outperform” rating. Compass Point revised its rating on March 26, 2020. It rated CIO as “a Neutral” which previously was an “a Buy”.
Price Performance Review of CIO
On Tuesday, City Office REIT Inc [NYSE:CIO] saw its stock fall -1.13% to $4.37. Over the last five days, the stock has lost -8.39%. City Office REIT Inc shares have fallen nearly -28.48% since the year began. Nevertheless, the stocks have fallen -25.05% over the past one year. While a 52-week high of $6.70 was reached on 01/10/24, a 52-week low of $3.45 was recorded on 02/28/24. SMA at 50 days reached $4.59, while 200 days put it at $4.93. A total of 0.25 million shares were traded, compared to the trading of 0.14 million shares in the previous session.
Levels Of Support And Resistance For CIO Stock
The 24-hour chart illustrates a support level at 4.30, which if violated will result in even more drops to 4.23. On the upside, there is a resistance level at 4.43. A further resistance level may holdings at 4.50. The Relative Strength Index (RSI) on the 14-day chart is 40.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.75%. Stochastics %K at 8.95% indicates the stock is a buying.
