Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Camden Property Trust shares valued at $3,765,426 were sold by CAMPO RICHARD J on Jan 04 ’24. At $98.22 per share, CAMPO RICHARD J sold 38,336 shares. The insider’s holdings dropped to 267,132 shares worth approximately $28.54 million following the completion of this transaction.
Also, Jessett Alexander J. sold 9,803 shares, netting a total of over 962,733 in proceeds. Following the sale of shares at $98.21 each, the insider now holds 114,893 shares.
Before that, Sengelmann William W. had sold 6,493 shares from its account. In a trade valued at $637,665, the EVP – Real Estate Investments traded Camden Property Trust shares for $98.21 each. Upon closing the transaction, the insider’s holdings decreased to 6,493 shares, worth approximately $8.02 million.
As published in a research note from Piper Sandler on May 06, 2024, Camden Property Trust [CPT] has been rated up from an Underweight to a Neutral and the price target has been revised to $110 from $90. As of February 20, 2024, Barclays has decreased its “an Overweight” rating to a “an Equal weight” for CPT. Earlier on January 30, 2024, Deutsche Bank initiated its rating. Their recommendation was “a Hold” for CPT stock.
Analyzing CPT Stock Performance
During the last five days, there has been a surge of approximately 6.27%. Over the course of the year, Camden Property Trust shares have jumped approximately 7.59%. Shares of the company reached a 52-week high of $108.17 on 05/06/24 and a 52-week low of $90.50 on 02/13/24. A 50-day SMA is recorded $98.79, while a 200-day SMA reached $97.72. Nevertheless, trading volume fell to 0.77 million shares from 0.82 million shares the previous day.
Support And Resistance Levels for Camden Property Trust (CPT)
According to the 24-hour chart, there is a support level at 105.19, which, if violated, would cause prices to drop to 103.54. In the upper region, resistance lies at 107.71. The next price resistance is at 108.58. RSI (Relative Strength Index) is 67.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.20, which suggests the price will increase in the coming days. Percent R is at 10.96%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
