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Compass Point’s latest rating for IIPR stock

In a filing, Innovative Industrial Properties Inc revealed its Director Stecher David unloaded Company’s shares for reported $0.2 million on Nov 15 ’23. In the deal valued at $80.75 per share,2,500 shares were sold. As a result of this transaction, Stecher David now holds 7,529 shares worth roughly $0.78 million.

Compass Point downgraded its Innovative Industrial Properties Inc [IIPR] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in late June from “an Overweight” to “a Neutral”. Craig Hallum also remained covering IIPR and has decreased its forecast on May 10, 2023 with a “Hold” recommendation from previously “Buy” rating. JMP Securities revised its rating on January 20, 2023. It rated IIPR as “a Mkt perform” which previously was an “a Mkt outperform”.

Price Performance Review of IIPR

On Tuesday, Innovative Industrial Properties Inc [NYSE:IIPR] saw its stock jump 4.75% to $103.40. Over the last five days, the stock has gained 4.84%. Innovative Industrial Properties Inc shares have risen nearly 2.56% since the year began. Nevertheless, the stocks have risen 50.84% over the past one year. While a 52-week high of $105.81 was reached on 03/25/24, a 52-week low of $65.16 was recorded on 02/13/24. SMA at 50 days reached $97.90, while 200 days put it at $87.58. A total of 0.63 million shares were traded, compared to the trading of 0.12 million shares in the previous session.

Levels Of Support And Resistance For IIPR Stock

The 24-hour chart illustrates a support level at 99.34, which if violated will result in even more drops to 95.27. On the upside, there is a resistance level at 105.63. A further resistance level may holdings at 107.85. The Relative Strength Index (RSI) on the 14-day chart is 64.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.67, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.80%. Stochastics %K at 71.71% indicates the stock is a holding.

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