Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Rexford Industrial Realty Inc shares valued at $954,408 were sold by Lanzer David E. on Feb 12 ’24. At $52.69 per share, Lanzer David E. sold 18,113 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, CLARK LAURA E sold 7,410 shares, netting a total of over 403,703 in proceeds. Following the sale of shares at $54.48 each, the insider now holds 2,562 shares.
Before that, Schwimmer Howard had sold 35,505 shares from its account. In a trade valued at $1,986,093, the Co-CEO, Co-President traded Rexford Industrial Realty Inc shares for $55.94 each. Upon closing the transaction, the insider’s holdings decreased to 35,505 shares, worth approximately $2.2 million.
As published in their initiating research note from Barclays on March 27, 2024, Rexford Industrial Realty Inc [REXR] has been an Underweight and the price target has been revised to $45. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in early February. As of January 05, 2024, Robert W. Baird has decreased its “an Outperform” rating to a “Neutral” for REXR. Earlier on November 08, 2023, Scotiabank upgraded its rating. Their new recommendation was “a Sector outperform” for REXR stock which previously was a “a Sector perform”.
Analyzing REXR Stock Performance
During the last five days, there has been a drop of approximately -9.25%. Over the course of the year, Rexford Industrial Realty Inc shares have dropped approximately -23.01%. Shares of the company reached a 52-week high of $56.87 on 01/09/24 and a 52-week low of $41.89 on 04/18/24. A 50-day SMA is recorded $50.45, while a 200-day SMA reached $51.25. Nevertheless, trading volume fell to 4.56 million shares from 4.0 million shares the previous day.
Support And Resistance Levels for Rexford Industrial Realty Inc (REXR)
According to the 24-hour chart, there is a support level at 42.19, which, if violated, would cause prices to drop to 41.19. In the upper region, resistance lies at 43.89. The next price resistance is at 44.59. RSI (Relative Strength Index) is 25.02 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.70, which suggests the price will decrease in the coming days. Percent R is at 84.39%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
