Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Netstreit Corp shares valued at $111,625 were sold by Minnis Todd on May 16 ’24. At $17.86 per share, Minnis Todd sold 6,250 shares. The insider’s holdings dropped to 10,359 shares worth approximately $0.18 million following the completion of this transaction.
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Also, Donlan Daniel P purchased 1,300 shares, netting a total of over 21,996 in proceeds. Following the buying of shares at $16.92 each, the insider now holds 2,600 shares.
Before that, Manheimer Mark had added 3,181 shares to its account. In a trade valued at $54,983, the President, CEO and Secretary bought Netstreit Corp shares for $17.28 each. Upon closing the transaction, the insider’s holdings increased to 3,181 shares, worth approximately $2.41 million.
As published in a research note from KeyBanc Capital Markets on February 01, 2024, Netstreit Corp [NTST] has been rated up from an Underweight to a Sector weight. Analysts at Wolfe Research upgraded the stock from ‘”a Peer perform”‘ to ‘”an Outperform”‘ outlook in a report released in early January. As of December 13, 2023, Exane BNP Paribas has decreased its “an Outperform” rating to a “Neutral” for NTST. Earlier on December 11, 2023, Mizuho upgraded its rating. Their new recommendation was “a Buy” for NTST stock which previously was a “a Neutral”.
Analyzing NTST Stock Performance
During the last five days, there has been a surge of approximately 3.45%. Over the course of the year, Netstreit Corp shares have dropped approximately -4.26%. Shares of the company reached a 52-week high of $18.97 on 04/01/24 and a 52-week low of $16.35 on 04/16/24. A 50-day SMA is recorded $17.21, while a 200-day SMA reached $16.83. Nevertheless, trading volume fell to 0.84 million shares from 0.64 million shares the previous day.
Support And Resistance Levels for Netstreit Corp (NTST)
According to the 24-hour chart, there is a support level at 16.97, which, if violated, would cause prices to drop to 16.86. In the upper region, resistance lies at 17.21. The next price resistance is at 17.34. RSI (Relative Strength Index) is 48.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.04, which suggests the price will decrease in the coming days. Percent R is at 38.00%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
