Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Digital Realty Trust Inc shares valued at $494,700 were sold by MANDEVILLE JEAN F H P on Mar 12 ’24. At $145.50 per share, MANDEVILLE JEAN F H P sold 3,400 shares. The insider’s holdings dropped to 8,413 shares worth approximately $1.15 million following the completion of this transaction.
Also, Fiedelman Cindy sold 2,770 shares, netting a total of over 346,250 in proceeds. Following the sale of shares at $125.00 each, the insider now holds 0 shares.
Before that, Olson Peter C. had sold 700 shares from its account. In a trade valued at $73,969, the CHIEF ACCOUNTING OFFICER traded Digital Realty Trust Inc shares for $105.67 each. Upon closing the transaction, the insider’s holdings decreased to 700 shares, worth approximately $0.97 million.
As published in a research note from Wells Fargo on April 09, 2024, Digital Realty Trust Inc [DLR] has been rated up from an Equal weight to an Overweight and the price target has been revised to $155 from $135. Analysts at Scotiabank downgraded the stock from ‘”a Sector outperform”‘ to ‘”a Sector perform”‘ outlook in a report released in mid February. As of January 22, 2024, Scotiabank has increased its “Sector perform” rating to a “Sector outperform” for DLR. Earlier on December 06, 2023, KeyBanc Capital Markets initiated its rating. Their recommendation was “a Sector weight” for DLR stock.
Analyzing DLR Stock Performance
During the last five days, there has been a drop of approximately -4.59%. Over the course of the year, Digital Realty Trust Inc shares have jumped approximately 1.55%. Shares of the company reached a 52-week high of $154.18 on 03/05/24 and a 52-week low of $130.00 on 01/05/24. A 50-day SMA is recorded $142.53, while a 200-day SMA reached $131.74. Nevertheless, trading volume fell to 1.5 million shares from 2.05 million shares the previous day.
Support And Resistance Levels for Digital Realty Trust Inc (DLR)
According to the 24-hour chart, there is a support level at 135.25, which, if violated, would cause prices to drop to 133.83. In the upper region, resistance lies at 138.53. The next price resistance is at 140.39. RSI (Relative Strength Index) is 41.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.33, which suggests the price will decrease in the coming days. Percent R is at 90.39%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
