COPT Defense Properties’s filing revealed that its Director Trimberger Lisa G unloaded Company’s shares for reported $0.19 million on Dec 20 ’23. In the deal valued at $25.48 per share,7,357 shares were sold. As a result of this transaction, Trimberger Lisa G now holds 16,863 shares worth roughly $0.4 million.
Then, Snider Britt A. bought 1,000 shares, generating $25,110 in total proceeds. Upon buying the shares at $25.11, the EVP & COO now owns 1,000 shares.
Before that, KESLER STEVEN D sold 1,719 shares. COPT Defense Properties shares valued at $43,731 were divested by the Director at a price of $25.44 per share. As a result of the transaction, KESLER STEVEN D now holds 41,313 shares, worth roughly $0.98 million.
Citigroup downgraded its COPT Defense Properties [CDP] rating to a Neutral from a a Buy in a research note published on March 22, 2024; the price target was decreased to $25 from $29. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in late February from “a Hold” to “a Buy”. Evercore ISI also remained covering CDP and has increased its forecast on February 12, 2024 with a “an Outperform” recommendation from previously “an In-line” rating. JP Morgan revised its rating on December 18, 2023. It rated CDP as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of CDP
On Friday, COPT Defense Properties [NYSE:CDP] saw its stock jump 3.41% to $23.63. Over the last five days, the stock has gained 3.78%. COPT Defense Properties shares have fallen nearly -7.80% since the year began. Nevertheless, the stocks have risen 8.15% over the past one year. While a 52-week high of $26.80 was reached on 01/02/24, a 52-week low of $21.73 was recorded on 04/18/24. SMA at 50 days reached $23.77, while 200 days put it at $24.47. A total of 1.84 million shares were traded, compared to the trading of 0.74 million shares in the previous session.
Levels Of Support And Resistance For CDP Stock
The 24-hour chart illustrates a support level at 22.95, which if violated will result in even more drops to 22.27. On the upside, there is a resistance level at 24.09. A further resistance level may holdings at 24.56. The Relative Strength Index (RSI) on the 14-day chart is 54.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 24.54%. Stochastics %K at 49.78% indicates the stock is a holding.
The most recent change occurred on October 03, 2023 when Wedbush began covering the stock and recommended ‘”an Outperform”‘ rating along with a $27 price target.
