Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. NNN REIT Inc shares valued at $1,586,277 were sold by Tessitore Christopher Paul on Dec 13 ’23. At $41.68 per share, Tessitore Christopher Paul sold 38,056 shares. The insider’s holdings dropped to 140,539 shares worth approximately $5.77 million following the completion of this transaction.
Also, Adamo Jonathan sold 4,000 shares, netting a total of over 159,400 in proceeds. Following the sale of shares at $39.85 each, the insider now holds 56,450 shares.
Before that, Miller Michelle Lynn had sold 1,250 shares from its account. In a trade valued at $47,838, the EVP, Chief Accounting Officer traded NNN REIT Inc shares for $38.27 each. Upon closing the transaction, the insider’s holdings decreased to 1,250 shares, worth approximately $2.33 million.
As published in their initiating research note from Wells Fargo on September 21, 2023, NNN REIT Inc [NNN] has been an Equal weight and the price target has been revised to $40. Analysts at Janney upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late June. As of June 14, 2023, Exane BNP Paribas has initiated its “an Underperform” rating for NNN. Earlier on January 09, 2023, Raymond James downgraded its rating. Their new recommendation was “an Outperform” for NNN stock which previously was a “a Strong buy”.
Analyzing NNN Stock Performance
During the last five days, there has been a surge of approximately 3.17%. Over the course of the year, NNN REIT Inc shares have dropped approximately -4.80%. Shares of the company reached a 52-week high of $43.72 on 01/09/24 and a 52-week low of $38.88 on 02/13/24. A 50-day SMA is recorded $41.35, while a 200-day SMA reached $40.12. Nevertheless, trading volume fell to 1.14 million shares from 1.6 million shares the previous day.
Support And Resistance Levels for NNN REIT Inc (NNN)
According to the 24-hour chart, there is a support level at 40.75, which, if violated, would cause prices to drop to 40.47. In the upper region, resistance lies at 41.20. The next price resistance is at 41.37. RSI (Relative Strength Index) is 49.99 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.35, which suggests the price will decrease in the coming days. Percent R is at 49.40%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
