Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Federal Realty Investment Trust. shares valued at $1,974,502 were sold by WOOD DONALD C on Dec 05 ’23. At $98.73 per share, WOOD DONALD C sold 20,000 shares. The insider’s holdings dropped to 189,259 shares worth approximately $19.41 million following the completion of this transaction.
Also, WOOD DONALD C sold 345 shares, netting a total of over 34,470 in proceeds. Following the sale of shares at $99.91 each, the insider now holds 209,259 shares.
Before that, BERKES JEFFREY S had sold 4,870 shares from its account. In a trade valued at $461,968, the President and COO traded Federal Realty Investment Trust. shares for $94.86 each. Upon closing the transaction, the insider’s holdings decreased to 4,870 shares, worth approximately $6.72 million.
As published in a research note from Deutsche Bank on April 22, 2024, Federal Realty Investment Trust. [FRT] has been rated up from a Hold to a Buy and the price target has been revised to $110 from $109. Analysts at Wells Fargo upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in late February. As of January 30, 2024, Deutsche Bank has initiated its “Hold” rating for FRT. Earlier on January 16, 2024, Truist upgraded its rating. Their new recommendation was “a Buy” for FRT stock which previously was a “a Hold”.
Analyzing FRT Stock Performance
During the last five days, there has been a surge of approximately 4.10%. Over the course of the year, Federal Realty Investment Trust. shares have dropped approximately -0.47%. Shares of the company reached a 52-week high of $104.54 on 01/02/24 and a 52-week low of $95.97 on 04/16/24. A 50-day SMA is recorded $100.28, while a 200-day SMA reached $98.20. Nevertheless, trading volume fell to 0.82 million shares from 0.51 million shares the previous day.
Support And Resistance Levels for Federal Realty Investment Trust. (FRT)
According to the 24-hour chart, there is a support level at 101.95, which, if violated, would cause prices to drop to 101.32. In the upper region, resistance lies at 103.20. The next price resistance is at 103.82. RSI (Relative Strength Index) is 57.26 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.79, which suggests the price will increase in the coming days. Percent R is at 15.50%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
