Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. SITE Centers Corp shares valued at $159,120 were sold by Fennerty Conor on Jun 16 ’23. At $13.26 per share, Fennerty Conor sold 12,000 shares. The insider’s holdings dropped to 97,364 shares worth approximately $1.43 million following the completion of this transaction.
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As published in a research note from Wolfe Research on January 05, 2024, SITE Centers Corp [SITC] has been rated down from an Outperform to a Peer perform. Analysts at Wells Fargo upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in mid September. As of May 24, 2023, Wells Fargo has initiated its “an Equal weight” rating for SITC. Earlier on January 10, 2023, Mizuho downgraded its rating. Their new recommendation was “a Neutral” for SITC stock which previously was a “a Buy”.
Analyzing SITC Stock Performance
During the last five days, there has been a surge of approximately 3.31%. Over the course of the year, SITE Centers Corp shares have jumped approximately 7.63%. Shares of the company reached a 52-week high of $14.71 on 06/06/24 and a 52-week low of $13.06 on 02/05/24. A 50-day SMA is recorded $14.02, while a 200-day SMA reached $13.44. Nevertheless, trading volume fell to 0.87 million shares from 1.51 million shares the previous day.
Support And Resistance Levels for SITE Centers Corp (SITC)
According to the 24-hour chart, there is a support level at 14.52, which, if violated, would cause prices to drop to 14.36. In the upper region, resistance lies at 14.77. The next price resistance is at 14.86. RSI (Relative Strength Index) is 66.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.32, which suggests the price will decrease in the coming days. Percent R is at 5.06%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
