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Analyzing Industrial Logistics Properties Trust (ILPT) After Recent Trading Activity

Industrial Logistics Properties Trust’s filing revealed that its Director PHELAN KEVIN C acquired Company’s shares for reported $19000.0 on Aug 09 ’23. In the deal valued at $3.80 per share,5,000 shares were bought. As a result of this transaction, PHELAN KEVIN C now holds 8,500 shares worth roughly $32300.0.

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Then, JONES LISA HARRIS bought 50,000 shares, generating $188,390 in total proceeds. Upon buying the shares at $3.77, the Director now owns 70,000 shares.

Before that, Morea Joseph bought 20,000 shares. Industrial Logistics Properties Trust shares valued at $73,654 were divested by the Director at a price of $3.68 per share. As a result of the transaction, Morea Joseph now holds 40,000 shares, worth roughly $0.15 million.

JMP Securities downgraded its Industrial Logistics Properties Trust [ILPT] rating to a Mkt perform from a a Mkt outperform in a research note published recently. A number of analysts have revised their coverage, including Berenberg’s analysts, who began to cover the stock in mid October with a ‘”a Hold”‘ rating. BTIG Research began covering ILPT with “Neutral” recommendation on April 26, 2021.

Price Performance Review of ILPT

On Friday, Industrial Logistics Properties Trust [NASDAQ:ILPT] saw its stock fall -1.30% to $3.80. Over the last five days, the stock has lost -6.87%. Industrial Logistics Properties Trust shares have fallen nearly -19.26% since the year began. Nevertheless, the stocks have risen 110.83% over the past one year. While a 52-week high of $4.88 was reached on 01/02/24, a 52-week low of $1.71 was recorded on 04/30/24. SMA at 50 days reached $3.96, while 200 days put it at $3.71. A total of 0.36 million shares were traded, compared to the trading of 0.54 million shares in the previous session.

Levels Of Support And Resistance For ILPT Stock

The 24-hour chart illustrates a support level at 3.74, which if violated will result in even more drops to 3.69. On the upside, there is a resistance level at 3.87. A further resistance level may holdings at 3.94. The Relative Strength Index (RSI) on the 14-day chart is 42.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.60%. Stochastics %K at 7.61% indicates the stock is a buying.

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