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Selling Buzz: Essential Properties Realty Trust Inc [EPRT] President and CEO Mavoides Peter M. sells 9,188 shares of the company

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Essential Properties Realty Trust Inc shares valued at $238,980 were sold by Mavoides Peter M. on Mar 26 ’24. At $26.01 per share, Mavoides Peter M. sold 9,188 shares. The insider’s holdings dropped to 554,904 shares worth approximately $14.62 million following the completion of this transaction.

Also, Mavoides Peter M. sold 1,700 shares, netting a total of over 44,268 in proceeds. Following the sale of shares at $26.04 each, the insider now holds 564,092 shares.

Before that, Mavoides Peter M. had sold 100 shares from its account. In a trade valued at $2,600, the President and CEO traded Essential Properties Realty Trust Inc shares for $26.00 each. Upon closing the transaction, the insider’s holdings decreased to 100 shares, worth approximately $14.91 million.

As published in a research note from Citigroup on March 22, 2024, Essential Properties Realty Trust Inc [EPRT] has been rated up from a Neutral to a Buy and the price target has been revised to $28.50 from $25. Analysts at BMO Capital Markets started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid February. As of November 30, 2023, B. Riley Securities has initiated its “Buy” rating for EPRT. Earlier on September 21, 2023, Wells Fargo initiated its rating. Their recommendation was “an Overweight” for EPRT stock.

Analyzing EPRT Stock Performance

During the last five days, there has been a surge of approximately 0.08%. Over the course of the year, Essential Properties Realty Trust Inc shares have jumped approximately 3.09%. Shares of the company reached a 52-week high of $26.87 on 05/01/24 and a 52-week low of $23.58 on 02/29/24. A 50-day SMA is recorded $25.38, while a 200-day SMA reached $24.22. Nevertheless, trading volume fell to 1.09 million shares from 1.33 million shares the previous day.

Support And Resistance Levels for Essential Properties Realty Trust Inc (EPRT)

According to the 24-hour chart, there is a support level at 26.13, which, if violated, would cause prices to drop to 25.91. In the upper region, resistance lies at 26.72. The next price resistance is at 27.09. RSI (Relative Strength Index) is 58.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.64, which suggests the price will decrease in the coming days. Percent R is at 24.19%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

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