Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Franklin Street Properties Corp. shares valued at $116,320 were purchased by HANSEN BRIAN N on Mar 04 ’24. At $2.33 per share, HANSEN BRIAN N acquired 50,000 shares. The insider’s holdings grew to 1,191,656 shares worth approximately $1.93 million following the completion of this transaction.
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Also, HANSEN BRIAN N purchased 40,000 shares, netting a total of over 83,732 in proceeds. Following the buying of shares at $2.09 each, the insider now holds 1,141,656 shares.
Before that, HANSEN BRIAN N had added 35,000 shares to its account. In a trade valued at $73,388, the Director bought Franklin Street Properties Corp. shares for $2.10 each. Upon closing the transaction, the insider’s holdings increased to 35,000 shares, worth approximately $1.78 million.
As published in a research note from Robert W. Baird on January 07, 2020, Franklin Street Properties Corp. [FSP] has been rated down from an Outperform to a Neutral and the price target has been revised to $10. Analysts at BMO Capital Markets downgraded the stock from ‘”a Market perform”‘ to ‘”an Underperform”‘ outlook in a report released in early January. As of November 02, 2018, BMO Capital Markets has increased its “an Underperform” rating to a “Market perform” for FSP. Earlier on November 01, 2018, B. Riley FBR upgraded its rating. Their new recommendation was “a Buy” for FSP stock which previously was a “a Neutral”.
Analyzing FSP Stock Performance
During the last five days, there has been a drop of approximately -1.82%. Over the course of the year, Franklin Street Properties Corp. shares have dropped approximately -36.72%. Shares of the company reached a 52-week high of $2.7200 on 01/08/24 and a 52-week low of $1.6000 on 06/14/24. A 50-day SMA is recorded $1.8954, while a 200-day SMA reached $2.1298. Nevertheless, trading volume fell to 0.61 million shares from 0.96 million shares the previous day.
Support And Resistance Levels for Franklin Street Properties Corp. (FSP)
According to the 24-hour chart, there is a support level at 1.5882, which, if violated, would cause prices to drop to 1.5563. In the upper region, resistance lies at 1.6737. The next price resistance is at 1.7273. RSI (Relative Strength Index) is 29.94 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.1131, which suggests the price will decrease in the coming days. Percent R is at 95.56%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
