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Understanding the Risks of Investing in Four Corners Property Trust Inc (FCPT)

Four Corners Property Trust Inc’s recent filing unveils that its Director HANSEN DOUGLAS B acquired Company’s shares for reported $0.11 million on Nov 07 ’23. In the deal valued at $21.74 per share,4,950 shares were bought. As a result of this transaction, HANSEN DOUGLAS B now holds 2,650 shares worth roughly $62142.5.

Then, Lenehan William H bought 9,000 shares, generating $198,450 in total proceeds. Upon buying the shares at $22.05, the President and CEO now owns 568,443 shares.

Before that, MOODY JOHN S sold 7,200 shares. Four Corners Property Trust Inc shares valued at $189,000 were divested by the Director at a price of $26.25 per share. As a result of the transaction, MOODY JOHN S now holds 60,650 shares, worth roughly $1.42 million.

Wells Fargo initiated its Four Corners Property Trust Inc [FCPT] rating to an Overweight in a research note published on September 21, 2023; the price target was $28. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who decreased its forecast for the stock in late November from “an Outperform” to “an In-line”. Berenberg revised its rating on August 02, 2022. It rated FCPT as “a Hold” which previously was an “a Buy”.

Price Performance Review of FCPT

On Tuesday, Four Corners Property Trust Inc [NYSE:FCPT] saw its stock fall -1.01% to $23.45. Over the last five days, the stock has lost -0.85%. Four Corners Property Trust Inc shares have fallen nearly -7.31% since the year began. Nevertheless, the stocks have fallen -8.08% over the past one year. While a 52-week high of $27.60 was reached on 01/02/24, a 52-week low of $20.51 was recorded on 04/17/24. SMA at 50 days reached $23.84, while 200 days put it at $23.91. A total of 0.5 million shares were traded, compared to the trading of 0.32 million shares in the previous session.

Levels Of Support And Resistance For FCPT Stock

The 24-hour chart illustrates a support level at 23.32, which if violated will result in even more drops to 23.20. On the upside, there is a resistance level at 23.66. A further resistance level may holdings at 23.88. The Relative Strength Index (RSI) on the 14-day chart is 48.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 29.14%. Stochastics %K at 70.94% indicates the stock is a holding.

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