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Wells Fargo gives an Overweight recommendation for Digital Realty Trust Inc (DLR)

Digital Realty Trust Inc’s recently made public that its Director MANDEVILLE JEAN F H P unloaded Company’s shares for reported $0.49 million on Mar 12 ’24. In the deal valued at $145.50 per share,3,400 shares were sold. As a result of this transaction, MANDEVILLE JEAN F H P now holds 8,413 shares worth roughly $1.2 million.

Then, Fiedelman Cindy sold 2,770 shares, generating $346,250 in total proceeds. Upon selling the shares at $125.00, the CHIEF HUMAN RESOURCES OFFICER now owns 0 shares.

Before that, Olson Peter C. sold 700 shares. Digital Realty Trust Inc shares valued at $73,969 were divested by the CHIEF ACCOUNTING OFFICER at a price of $105.67 per share. As a result of the transaction, Olson Peter C. now holds 7,134 shares, worth roughly $1.02 million.

Wells Fargo upgraded its Digital Realty Trust Inc [DLR] rating to an Overweight from a an Equal weight in a research note published on April 09, 2024; the price target was increased to $155 from $135. A number of analysts have revised their coverage, including Scotiabank’s analysts, who decreased its forecast for the stock in mid February from “a Sector outperform” to “a Sector perform”. Scotiabank also remained covering DLR and has increased its forecast on January 22, 2024 with a “Sector outperform” recommendation from previously “Sector perform” rating. KeyBanc Capital Markets started covering the stock on December 06, 2023. It rated DLR as “a Sector weight”.

Price Performance Review of DLR

On Monday, Digital Realty Trust Inc [NYSE:DLR] saw its stock fall -0.34% to $142.34. Over the last five days, the stock has gained 4.77%. Digital Realty Trust Inc shares have risen nearly 5.77% since the year began. Nevertheless, the stocks have risen 39.89% over the past one year. While a 52-week high of $154.18 was reached on 03/05/24, a 52-week low of $86.33 was recorded on 01/05/24. SMA at 50 days reached $141.77, while 200 days put it at $132.58. A total of 1.91 million shares were traded, compared to the trading of 1.61 million shares in the previous session.

Levels Of Support And Resistance For DLR Stock

The 24-hour chart illustrates a support level at 140.80, which if violated will result in even more drops to 139.26. On the upside, there is a resistance level at 144.37. A further resistance level may holdings at 146.40. The Relative Strength Index (RSI) on the 14-day chart is 54.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.72, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 27.04%. Stochastics %K at 62.20% indicates the stock is a holding.

The most recent change occurred on December 01, 2023 when HSBC Securities began covering the stock and recommended ‘”a Reduce”‘ rating along with a $112 price target.

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