Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Equity Commonwealth shares valued at $45,072 were sold by Levy Andrew on Mar 06 ’24. At $18.71 per share, Levy Andrew sold 2,409 shares. The insider’s holdings dropped to 2,305 shares worth approximately $42711.65 following the completion of this transaction.
Also, Shifrin Orrin S sold 50,000 shares, netting a total of over 963,000 in proceeds. Following the sale of shares at $19.26 each, the insider now holds 158,466 shares.
As published in a research note from BofA Securities on October 04, 2021, Equity Commonwealth [EQC] has been rated down from a Neutral to an Underperform and the price target has been revised to $28. Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early May. As of August 14, 2019, JMP Securities has decreased its “Mkt outperform” rating to a “Mkt perform” for EQC. Earlier on August 01, 2018, Stifel downgraded its rating. Their new recommendation was “a Hold” for EQC stock which previously was a “a Buy”.
Analyzing EQC Stock Performance
During the last five days, there has been a drop of approximately -0.75%. Over the course of the year, Equity Commonwealth shares have dropped approximately -3.49%. Shares of the company reached a 52-week high of $19.96 on 01/23/24 and a 52-week low of $17.93 on 02/13/24. A 50-day SMA is recorded $18.74, while a 200-day SMA reached $19.07. Nevertheless, trading volume fell to 0.64 million shares from 0.87 million shares the previous day.
Support And Resistance Levels for Equity Commonwealth (EQC)
According to the 24-hour chart, there is a support level at 18.45, which, if violated, would cause prices to drop to 18.37. In the upper region, resistance lies at 18.65. The next price resistance is at 18.77. RSI (Relative Strength Index) is 43.06 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.15, which suggests the price will decrease in the coming days. Percent R is at 81.20%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
