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Acadia Realty Trust [NYSE: AKR] Sees Decrease in Stock Value

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Acadia Realty Trust shares valued at $16,300 were purchased by ZOBA C DAVID on Mar 15 ’24. At $16.30 per share, ZOBA C DAVID acquired 1,000 shares. The insider’s holdings grew to 2,700 shares worth approximately $46143.0 following the completion of this transaction.

Also, NAPOLITANO JOSEPH sold 49,525 shares, netting a total of over 830,609 in proceeds. Following the sale of shares at $16.77 each, the insider now holds 118 shares.

Before that, CROCKER DOUGLAS II had sold 28,250 shares from its account. In a trade valued at $448,328, the Director traded Acadia Realty Trust shares for $15.87 each. Upon closing the transaction, the insider’s holdings decreased to 28,250 shares, worth approximately $1.44 million.

As published in a research note from BofA Securities on April 05, 2024, Acadia Realty Trust [AKR] has been rated up from a Neutral to a Buy and the price target has been revised to $20 from $18. Analysts at Truist downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid January. As of January 02, 2024, Jefferies has increased its “Hold” rating to a “Buy” for AKR. Earlier on November 30, 2023, Compass Point downgraded its rating. Their new recommendation was “a Neutral” for AKR stock which previously was a “a Buy”.

Analyzing AKR Stock Performance

During the last five days, there has been a drop of approximately -2.12%. Over the course of the year, Acadia Realty Trust shares have jumped approximately 0.59%. Shares of the company reached a 52-week high of $17.90 on 04/30/24 and a 52-week low of $16.09 on 03/15/24. A 50-day SMA is recorded $16.75, while a 200-day SMA reached $15.85. Nevertheless, trading volume fell to 0.79 million shares from 1.49 million shares the previous day.

Support And Resistance Levels for Acadia Realty Trust (AKR)

According to the 24-hour chart, there is a support level at 16.87, which, if violated, would cause prices to drop to 16.66. In the upper region, resistance lies at 17.40. The next price resistance is at 17.72. RSI (Relative Strength Index) is 51.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.13, which suggests the price will decrease in the coming days. Percent R is at 62.79%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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