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Global Net Lease Inc [GNL] Insider SCHORSCH NICHOLAS S sells 155,000 Shares – Insider Selling Alert

In a filing, Global Net Lease Inc revealed its 10% Owner SCHORSCH NICHOLAS S unloaded Company’s shares for reported $1.26 million on Feb 16 ’24. In the deal valued at $8.10 per share,155,000 shares were sold. As a result of this transaction, SCHORSCH NICHOLAS S now holds 3,706,472 shares worth roughly $27.91 million.

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Then, SCHORSCH NICHOLAS S sold 4,837 shares, generating $43,049 in total proceeds. Upon selling the shares at $8.90, the 10% Owner now owns 3,861,472 shares.

Before that, SCHORSCH NICHOLAS S sold 158,021 shares. Global Net Lease Inc shares valued at $1,411,128 were divested by the 10% Owner at a price of $8.93 per share. As a result of the transaction, SCHORSCH NICHOLAS S now holds 3,866,309 shares, worth roughly $29.11 million.

Truist initiated its Global Net Lease Inc [GNL] rating to a Hold in a research note published on March 28, 2024; the price target was $7. A number of analysts have revised their coverage, including BTIG Research’s analysts, who decreased its forecast for the stock in early March from “a Buy” to “a Neutral”. BMO Capital Markets began covering GNL with “an Outperform” recommendation on February 13, 2024. Exane BNP Paribas started covering the stock on March 16, 2023. It rated GNL as “an Underperform”.

Price Performance Review of GNL

On Monday, Global Net Lease Inc [NYSE:GNL] saw its stock jump 0.94% to $7.53. Over the last five days, the stock has gained 3.43%. Global Net Lease Inc shares have fallen nearly -24.32% since the year began. Nevertheless, the stocks have fallen -29.82% over the past one year. While a 52-week high of $11.58 was reached on 01/02/24, a 52-week low of $6.52 was recorded on 04/16/24. SMA at 50 days reached $7.24, while 200 days put it at $8.77. A total of 1.08 million shares were traded, compared to the trading of 1.0 million shares in the previous session.

Levels Of Support And Resistance For GNL Stock

The 24-hour chart illustrates a support level at 7.46, which if violated will result in even more drops to 7.38. On the upside, there is a resistance level at 7.59. A further resistance level may holdings at 7.64. The Relative Strength Index (RSI) on the 14-day chart is 63.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 4.82%. Stochastics %K at 95.26% indicates the stock is a selling.

The most recent change occurred on May 10, 2022 when JMP Securities began covering the stock and recommended ‘”a Mkt perform”‘ rating.

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