Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. COPT Defense Properties shares valued at $187,444 were sold by Trimberger Lisa G on Dec 20 ’23. At $25.48 per share, Trimberger Lisa G sold 7,357 shares. The insider’s holdings dropped to 16,863 shares worth approximately $0.39 million following the completion of this transaction.
Also, Snider Britt A. purchased 1,000 shares, netting a total of over 25,110 in proceeds. Following the buying of shares at $25.11 each, the insider now holds 1,000 shares.
Before that, KESLER STEVEN D had sold 1,719 shares from its account. In a trade valued at $43,731, the Director traded COPT Defense Properties shares for $25.44 each. Upon closing the transaction, the insider’s holdings decreased to 1,719 shares, worth approximately $0.95 million.
As published in a research note from Citigroup on March 22, 2024, COPT Defense Properties [CDP] has been rated down from a Buy to a Neutral and the price target has been revised to $25 from $29. Analysts at Jefferies upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late February. As of February 12, 2024, Evercore ISI has increased its “an In-line” rating to a “an Outperform” for CDP. Earlier on December 18, 2023, JP Morgan downgraded its rating. Their new recommendation was “a Neutral” for CDP stock which previously was a “an Overweight”.
Analyzing CDP Stock Performance
During the last five days, there has been a surge of approximately 3.19%. Over the course of the year, COPT Defense Properties shares have dropped approximately -10.46%. Shares of the company reached a 52-week high of $26.02 on 01/02/24 and a 52-week low of $22.20 on 04/18/24. A 50-day SMA is recorded $23.81, while a 200-day SMA reached $24.49. Nevertheless, trading volume fell to 0.74 million shares from 0.68 million shares the previous day.
Support And Resistance Levels for COPT Defense Properties (CDP)
According to the 24-hour chart, there is a support level at 22.76, which, if violated, would cause prices to drop to 22.58. In the upper region, resistance lies at 23.10. The next price resistance is at 23.25. RSI (Relative Strength Index) is 43.60 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.02, which suggests the price will decrease in the coming days. Percent R is at 60.42%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
