Regency Centers Corporation’s filing revealed that its President and CEO PALMER LISA unloaded Company’s shares for reported $1.55 million on Feb 21 ’24. In the deal valued at $61.22 per share,25,306 shares were sold. As a result of this transaction, PALMER LISA now holds 130,001 shares worth roughly $7.7 million.
Then, STEIN MARTIN E JR sold 25,000 shares, generating $1,700,000 in total proceeds. Upon selling the shares at $68.00, the Executive Chairman now owns 311,899 shares.
Before that, ROTH ALAN TODD sold 3,869 shares. Regency Centers Corporation shares valued at $249,875 were divested by the EVP, E. Regional Pres. at a price of $64.58 per share. As a result of the transaction, ROTH ALAN TODD now holds 13,250 shares, worth roughly $0.78 million.
Mizuho initiated its Regency Centers Corporation [REG] rating to a Neutral in a research note published on April 18, 2024; the price target was $60. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in early February with a ‘”an Overweight”‘ rating. Deutsche Bank began covering REG with “Buy” recommendation on January 30, 2024. Evercore ISI revised its rating on January 22, 2024. It rated REG as “an Outperform” which previously was an “an In-line”.
Price Performance Review of REG
On Monday, Regency Centers Corporation [NASDAQ:REG] saw its stock jump 1.44% to $59.21. Over the last five days, the stock has gained 2.23%. Regency Centers Corporation shares have fallen nearly -11.63% since the year began. Nevertheless, the stocks have fallen -2.21% over the past one year. While a 52-week high of $68.47 was reached on 01/02/24, a 52-week low of $54.72 was recorded on 04/16/24. SMA at 50 days reached $60.03, while 200 days put it at $62.02. A total of 0.96 million shares were traded, compared to the trading of 1.39 million shares in the previous session.
Levels Of Support And Resistance For REG Stock
The 24-hour chart illustrates a support level at 58.47, which if violated will result in even more drops to 57.74. On the upside, there is a resistance level at 59.66. A further resistance level may holdings at 60.12. The Relative Strength Index (RSI) on the 14-day chart is 50.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 30.23%. Stochastics %K at 49.22% indicates the stock is a holding.
