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AKR (Acadia Realty Trust) may reap gains as insiders became active recently

Acadia Realty Trust’s filing revealed that its Sr. VP Hartmann Richard unloaded Company’s shares for reported $0.43 million on May 03 ’24. In the deal valued at $17.10 per share,25,000 shares were sold. As a result of this transaction, Hartmann Richard now holds 0 shares worth roughly $0.0.

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Then, Gottfried John J. sold 12,500 shares, generating $211,141 in total proceeds. Upon selling the shares at $16.89, the Executive VP and CFO now owns 7,600 shares.

Before that, ZOBA C DAVID bought 1,000 shares. Acadia Realty Trust shares valued at $16,300 were divested by the Director at a price of $16.30 per share. As a result of the transaction, ZOBA C DAVID now holds 2,700 shares, worth roughly $46710.0.

BofA Securities upgraded its Acadia Realty Trust [AKR] rating to a Buy from a a Neutral in a research note published on April 05, 2024; the price target was increased to $20 from $18. A number of analysts have revised their coverage, including Truist’s analysts, who decreased its forecast for the stock in mid January from “a Buy” to “a Hold”. Jefferies also remained covering AKR and has increased its forecast on January 02, 2024 with a “Buy” recommendation from previously “Hold” rating. Compass Point revised its rating on November 30, 2023. It rated AKR as “a Neutral” which previously was an “a Buy”.

Price Performance Review of AKR

On Friday, Acadia Realty Trust [NYSE:AKR] saw its stock unchanged to $17.30. Over the last five days, the stock has gained 1.59%. Acadia Realty Trust shares have risen nearly 1.82% since the year began. Nevertheless, the stocks have risen 21.48% over the past one year. While a 52-week high of $17.90 was reached on 04/30/24, a 52-week low of $13.24 was recorded on 03/15/24. SMA at 50 days reached $17.05, while 200 days put it at $16.12. A total of 1.16 million shares were traded, compared to the trading of 0.52 million shares in the previous session.

Levels Of Support And Resistance For AKR Stock

The 24-hour chart illustrates a support level at 17.17, which if violated will result in even more drops to 17.05. On the upside, there is a resistance level at 17.40. A further resistance level may holdings at 17.50. The Relative Strength Index (RSI) on the 14-day chart is 56.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 19.66%. Stochastics %K at 75.29% indicates the stock is a holding.

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