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A company insider recently bought 500 shares of Centerspace [CSR]. Should You Buy?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Centerspace shares valued at $28,198 were purchased by Schissel John A on Mar 11 ’24. At $56.40 per share, Schissel John A acquired 500 shares. The insider’s holdings grew to 9,522 shares worth approximately $0.65 million following the completion of this transaction.

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As published in a research note from Raymond James on May 24, 2024, Centerspace [CSR] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $75. Analysts at Compass Point downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early May. As of January 16, 2024, RBC Capital Mkts has increased its “Sector perform” rating to a “an Outperform” for CSR. Earlier on November 06, 2023, Compass Point upgraded its rating. Their new recommendation was “a Buy” for CSR stock which previously was a “a Neutral”.

Analyzing CSR Stock Performance

During the last five days, there has been a surge of approximately 0.34%. Over the course of the year, Centerspace shares have jumped approximately 16.65%. Shares of the company reached a 52-week high of $71.36 on 05/09/24 and a 52-week low of $52.26 on 02/13/24. A 50-day SMA is recorded $67.87, while a 200-day SMA reached $58.99. Nevertheless, trading volume fell to 64617.0 shares from 67000.0 shares the previous day.

Support And Resistance Levels for Centerspace (CSR)

According to the 24-hour chart, there is a support level at 67.23, which, if violated, would cause prices to drop to 66.57. In the upper region, resistance lies at 68.61. The next price resistance is at 69.33. RSI (Relative Strength Index) is 51.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.15, which suggests the price will decrease in the coming days. Percent R is at 41.98%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.

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