NNN REIT Inc’s filing revealed that its EVP Tessitore Christopher Paul unloaded Company’s shares for reported $1.59 million on Dec 13 ’23. In the deal valued at $41.68 per share,38,056 shares were sold. As a result of this transaction, Tessitore Christopher Paul now holds 140,539 shares worth roughly $5.92 million.
Then, Adamo Jonathan sold 4,000 shares, generating $159,400 in total proceeds. Upon selling the shares at $39.85, the EVP, Portfolio Operations now owns 56,450 shares.
Before that, Miller Michelle Lynn sold 1,250 shares. NNN REIT Inc shares valued at $47,838 were divested by the EVP, Chief Accounting Officer at a price of $38.27 per share. As a result of the transaction, Miller Michelle Lynn now holds 56,868 shares, worth roughly $2.39 million.
Exane BNP Paribas upgraded its NNN REIT Inc [NNN] rating to a Neutral from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in late September with a ‘”an Equal weight”‘ rating. Janney also remained covering NNN and has increased its forecast on June 28, 2023 with a “Buy” recommendation from previously “Neutral” rating. Exane BNP Paribas started covering the stock on June 14, 2023. It rated NNN as “an Underperform”.
Price Performance Review of NNN
On Monday, NNN REIT Inc [NYSE:NNN] saw its stock jump 0.74% to $42.11. Over the last five days, the stock has gained 3.62%. NNN REIT Inc shares have fallen nearly -2.30% since the year began. Nevertheless, the stocks have fallen -4.84% over the past one year. While a 52-week high of $44.96 was reached on 01/09/24, a 52-week low of $34.38 was recorded on 02/13/24. SMA at 50 days reached $41.39, while 200 days put it at $40.05. A total of 0.89 million shares were traded, compared to the trading of 1.69 million shares in the previous session.
Levels Of Support And Resistance For NNN Stock
The 24-hour chart illustrates a support level at 41.83, which if violated will result in even more drops to 41.56. On the upside, there is a resistance level at 42.25. A further resistance level may holdings at 42.40. The Relative Strength Index (RSI) on the 14-day chart is 60.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.02, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.16%. Stochastics %K at 89.87% indicates the stock is a selling.
