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. Acadia Realty Trust shares valued at $427,622 were sold by Hartmann Richard on May 03 ’24. At $17.10 per share, Hartmann Richard sold 25,000 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, Gottfried John J. sold 12,500 shares, netting a total of over 211,141 in proceeds. Following the sale of shares at $16.89 each, the insider now holds 7,600 shares.
Before that, ZOBA C DAVID had added 1,000 shares to its account. In a trade valued at $16,300, the Director bought Acadia Realty Trust shares for $16.30 each. Upon closing the transaction, the insider’s holdings increased to 1,000 shares, worth approximately $45495.00000000001.
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 -1.40%. Over the course of the year, Acadia Realty Trust shares have dropped approximately -0.82%. 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 $16.79, while a 200-day SMA reached $15.88. Nevertheless, trading volume fell to 0.59 million shares from 0.76 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 16.72, which, if violated, would cause prices to drop to 16.59. In the upper region, resistance lies at 17.00. The next price resistance is at 17.15. RSI (Relative Strength Index) is 47.06 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.28, which suggests the price will decrease in the coming days. Percent R is at 89.74%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
