SITE Centers Corp’s recent filing unveils that its Director Otto Alexander unloaded Company’s shares for reported $5.15 million on Jun 28 ’24. In the deal valued at $14.39 per share,357,568 shares were sold. As a result of this transaction, Otto Alexander now holds 16,582,983 shares worth roughly $238.13 million.
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Then, Otto Alexander sold 327,735 shares, generating $4,671,207 in total proceeds. Upon selling the shares at $14.25, the Director now owns 16,940,551 shares.
Before that, Otto Alexander sold 228,042 shares. SITE Centers Corp shares valued at $3,217,673 were divested by the Director at a price of $14.11 per share. As a result of the transaction, Otto Alexander now holds 17,268,286 shares, worth roughly $247.97 million.
Wolfe Research downgraded its SITE Centers Corp [SITC] rating to a Peer perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in mid September from “an Equal weight” to “an Overweight”. Wells Fargo began covering SITC with “an Equal weight” recommendation on May 24, 2023. Mizuho revised its rating on January 10, 2023. It rated SITC as “a Neutral” which previously was an “a Buy”.
Price Performance Review of SITC
On Monday, SITE Centers Corp [NYSE:SITC] saw its stock fall -0.97% to $14.36. Over the last five days, the stock has lost -0.55%. SITE Centers Corp shares have risen nearly 5.36% since the year began. Nevertheless, the stocks have risen 10.40% over the past one year. While a 52-week high of $14.88 was reached on 06/12/24, a 52-week low of $10.75 was recorded on 02/05/24. SMA at 50 days reached $14.16, while 200 days put it at $13.53. A total of 1.0 million shares were traded, compared to the trading of 2.95 million shares in the previous session.
Levels Of Support And Resistance For SITC Stock
The 24-hour chart illustrates a support level at 14.22, which if violated will result in even more drops to 14.08. On the upside, there is a resistance level at 14.51. A further resistance level may holdings at 14.66. The Relative Strength Index (RSI) on the 14-day chart is 50.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.78%. Stochastics%K at 45.56% indicates the stock is a holding.
