Rexford Industrial Realty Inc’s filing revealed that its General Counsel & Secretary Lanzer David E. unloaded Company’s shares for reported $0.95 million on Feb 12 ’24. In the deal valued at $52.69 per share,18,113 shares were sold. As a result of this transaction, Lanzer David E. now holds 0 shares worth roughly $0.0.
Then, CLARK LAURA E sold 7,410 shares, generating $403,703 in total proceeds. Upon selling the shares at $54.48, the Chief Financial Officer now owns 2,562 shares.
Before that, Schwimmer Howard sold 35,505 shares. Rexford Industrial Realty Inc shares valued at $1,986,093 were divested by the Co-CEO, Co-President at a price of $55.94 per share. As a result of the transaction, Schwimmer Howard now holds 50,862 shares, worth roughly $2.19 million.
Wedbush initiated its Rexford Industrial Realty Inc [REXR] rating to a Neutral in a research note published on April 22, 2024; the price target was $45. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in late March with a ‘”an Underweight”‘ rating. JP Morgan also remained covering REXR and has decreased its forecast on February 07, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. Robert W. Baird revised its rating on January 05, 2024. It rated REXR as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of REXR
On Monday, Rexford Industrial Realty Inc [NYSE:REXR] saw its stock jump 0.63% to $43.01. Over the last five days, the stock has lost -4.57%. Rexford Industrial Realty Inc shares have fallen nearly -23.33% since the year began. Nevertheless, the stocks have fallen -23.65% over the past one year. While a 52-week high of $58.02 was reached on 01/09/24, a 52-week low of $41.56 was recorded on 04/18/24. SMA at 50 days reached $50.07, while 200 days put it at $51.15. A total of 1.92 million shares were traded, compared to the trading of 2.69 million shares in the previous session.
Levels Of Support And Resistance For REXR Stock
The 24-hour chart illustrates a support level at 42.45, which if violated will result in even more drops to 41.89. On the upside, there is a resistance level at 43.38. A further resistance level may holdings at 43.75. The Relative Strength Index (RSI) on the 14-day chart is 25.99, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.62%. Stochastics %K at 13.63% indicates the stock is a buying.
