Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Camden Property Trust shares valued at $3,765,426 were sold by CAMPO RICHARD J on Jan 04 ’24. At $98.22 per share, CAMPO RICHARD J sold 38,336 shares. The insider’s holdings dropped to 267,132 shares worth approximately $25.46 million following the completion of this transaction.
Also, Jessett Alexander J. sold 9,803 shares, netting a total of over 962,733 in proceeds. Following the sale of shares at $98.21 each, the insider now holds 114,893 shares.
Before that, Sengelmann William W. had sold 6,493 shares from its account. In a trade valued at $637,665, the EVP – Real Estate Investments traded Camden Property Trust shares for $98.21 each. Upon closing the transaction, the insider’s holdings decreased to 6,493 shares, worth approximately $7.15 million.
Analysts at Barclays downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in mid February. As of January 30, 2024, Deutsche Bank has initiated its “Hold” rating for CPT. Earlier on December 15, 2023, BMO Capital Markets downgraded its rating. Their new recommendation was “a Market perform” for CPT stock which previously was a “an Outperform”.
Analyzing CPT Stock Performance
During the last five days, there has been a drop of approximately -4.65%. Over the course of the year, Camden Property Trust shares have dropped approximately -4.03%. Shares of the company reached a 52-week high of $104.89 on 04/09/24 and a 52-week low of $90.50 on 02/13/24. A 50-day SMA is recorded $96.75, while a 200-day SMA reached $98.46. Nevertheless, trading volume fell to 0.56 million shares from 0.84 million shares the previous day.
Support And Resistance Levels for Camden Property Trust (CPT)
According to the 24-hour chart, there is a support level at 94.76, which, if violated, would cause prices to drop to 94.22. In the upper region, resistance lies at 95.94. The next price resistance is at 96.59. RSI (Relative Strength Index) is 43.37 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.43, which suggests the price will decrease in the coming days. Percent R is at 94.67%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
