Eastgroup Properties, Inc.’s filing revealed that its Executive Vice President & CFO WOOD BRENT unloaded Company’s shares for reported $0.46 million on Feb 13 ’24. In the deal valued at $182.74 per share,2,500 shares were sold. As a result of this transaction, WOOD BRENT now holds 102,617 shares worth roughly $16.63 million.
Then, COLEMAN JOHN F sold 1,000 shares, generating $173,052 in total proceeds. Upon selling the shares at $173.05, the Executive Vice President now owns 90,305 shares.
Before that, Dunbar Richard Reid sold 1,600 shares. Eastgroup Properties, Inc. shares valued at $290,000 were divested by the Senior Vice President at a price of $181.25 per share. As a result of the transaction, Dunbar Richard Reid now holds 17,288 shares, worth roughly $2.8 million.
BMO Capital Markets initiated its Eastgroup Properties, Inc. [EGP] rating to an Outperform in a research note published on April 22, 2024; the price target was $190. A number of analysts have revised their coverage, including JP Morgan’s analysts, who began to cover the stock in mid April with a ‘”a Neutral”‘ rating. Barclays began covering EGP with “an Equal weight” recommendation on March 27, 2024. Mizuho revised its rating on December 05, 2023. It rated EGP as “a Neutral” which previously was an “a Buy”.
Price Performance Review of EGP
On Tuesday, Eastgroup Properties, Inc. [NYSE:EGP] saw its stock jump 2.18% to $162.03. Over the last five days, the stock has gained 4.29%. Eastgroup Properties, Inc. shares have fallen nearly -11.72% since the year began. Nevertheless, the stocks have fallen -5.55% over the past one year. While a 52-week high of $188.85 was reached on 02/12/24, a 52-week low of $154.75 was recorded on 04/25/24. SMA at 50 days reached $171.62, while 200 days put it at $174.30. A total of 0.36 million shares were traded, compared to the trading of 0.34 million shares in the previous session.
Levels Of Support And Resistance For EGP Stock
The 24-hour chart illustrates a support level at 160.04, which if violated will result in even more drops to 158.05. On the upside, there is a resistance level at 163.08. A further resistance level may holdings at 164.13. The Relative Strength Index (RSI) on the 14-day chart is 45.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.14, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 39.27%. Stochastics %K at 41.19% indicates the stock is a holding.
