NNN REIT Inc’s recent filing unveils that its EVP Tessitore Christopher Paul unloaded Company’s shares for reported $1.59 million on Dec 13 ’23. In the deal valued at $41.68 per share,38,056 shares were sold. As a result of this transaction, Tessitore Christopher Paul now holds 140,539 shares worth roughly $5.71 million.
Then, Adamo Jonathan sold 4,000 shares, generating $159,400 in total proceeds. Upon selling the shares at $39.85, the EVP, Portfolio Operations now owns 56,450 shares.
Before that, Miller Michelle Lynn sold 1,250 shares. NNN REIT Inc shares valued at $47,838 were divested by the EVP, Chief Accounting Officer at a price of $38.27 per share. As a result of the transaction, Miller Michelle Lynn now holds 56,868 shares, worth roughly $2.31 million.
Wells Fargo initiated its NNN REIT Inc [NNN] rating to an Equal weight in a research note published on September 21, 2023; the price target was $40. A number of analysts have revised their coverage, including Janney’s analysts, who increased its forecast for the stock in late June from “a Neutral” to “a Buy”. Exane BNP Paribas began covering NNN with “an Underperform” recommendation on June 14, 2023. Raymond James revised its rating on January 09, 2023. It rated NNN as “an Outperform” which previously was an “a Strong buy”.
Price Performance Review of NNN
On Monday, NNN REIT Inc [NYSE:NNN] saw its stock fall -0.29% to $40.64. Over the last five days, the stock has gained 0.07%. NNN REIT Inc shares have fallen nearly -5.71% since the year began. Nevertheless, the stocks have fallen -5.22% over the past one year. While a 52-week high of $44.96 was reached on 01/09/24, a 52-week low of $34.38 was recorded on 02/13/24. SMA at 50 days reached $41.37, while 200 days put it at $40.10. A total of 1.68 million shares were traded, compared to the trading of 0.87 million shares in the previous session.
Levels Of Support And Resistance For NNN Stock
The 24-hour chart illustrates a support level at 40.36, which if violated will result in even more drops to 40.09. On the upside, there is a resistance level at 40.86. A further resistance level may holdings at 41.09. The Relative Strength Index (RSI) on the 14-day chart is 46.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.48%. Stochastics %K at 51.20% indicates the stock is a holding.
