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Potential Price Increase for Camden Property Trust (CPT) After Recent Insider Activity

In a filing, Camden Property Trust revealed its Chairman and CEO CAMPO RICHARD J unloaded Company’s shares for reported $3.77 million on Jan 04 ’24. In the deal valued at $98.22 per share,38,336 shares were sold. As a result of this transaction, CAMPO RICHARD J now holds 267,132 shares worth roughly $29.17 million.

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Then, Jessett Alexander J. sold 9,803 shares, generating $962,733 in total proceeds. Upon selling the shares at $98.21, the EVP – Finance & CFO now owns 114,893 shares.

Before that, Sengelmann William W. sold 6,493 shares. Camden Property Trust shares valued at $637,665 were divested by the EVP – Real Estate Investments at a price of $98.21 per share. As a result of the transaction, Sengelmann William W. now holds 75,082 shares, worth roughly $8.2 million.

Piper Sandler upgraded its Camden Property Trust [CPT] rating to a Neutral from a an Underweight in a research note published on May 06, 2024; the price target was increased to $110 from $90. Barclays also remained covering CPT and has decreased its forecast on February 20, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating. Deutsche Bank started covering the stock on January 30, 2024. It rated CPT as “a Hold”.

Price Performance Review of CPT

On Monday, Camden Property Trust [NYSE:CPT] saw its stock jump 0.07% to $109.19. Over the last five days, the stock has lost -1.72%. Camden Property Trust shares have risen nearly 9.97% since the year began. Nevertheless, the stocks have risen 1.55% over the past one year. While a 52-week high of $112.90 was reached on 06/24/24, a 52-week low of $82.40 was recorded on 02/13/24. SMA at 50 days reached $104.98, while 200 days put it at $97.71. A total of 0.59 million shares were traded, compared to the trading of 1.34 million shares in the previous session.

Levels Of Support And Resistance For CPT Stock

The 24-hour chart illustrates a support level at 108.13, which if violated will result in even more drops to 107.08. On the upside, there is a resistance level at 109.89. A further resistance level may holdings at 110.59. The Relative Strength Index (RSI) on the 14-day chart is 57.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.52, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 47.24%. Stochastics%K at 56.55% indicates the stock is a holding.

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