Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Whitestone REIT shares valued at $222,530 were purchased by Feng Amy Shih-Hua on Jun 11 ’24. At $13.09 per share, Feng Amy Shih-Hua acquired 17,000 shares. The insider’s holdings grew to 40,566 shares worth approximately $0.51 million following the completion of this transaction.
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Also, Feng Amy Shih-Hua purchased 6,100 shares, netting a total of over 79,727 in proceeds. Following the buying of shares at $13.07 each, the insider now holds 23,566 shares.
As published in their initiating research note from Alliance Global Partners on March 18, 2024, Whitestone REIT [WSR] has been a Buy and the price target has been revised to $15. Analysts at Truist upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid January. As of August 30, 2022, Truist has initiated its “Hold” rating for WSR. Earlier on July 07, 2022, JMP Securities upgraded its rating. Their new recommendation was “a Mkt outperform” for WSR stock which previously was a “a Mkt perform”.
Analyzing WSR Stock Performance
During the last five days, there has been a drop of approximately -1.48%. Over the course of the year, Whitestone REIT shares have jumped approximately 3.17%. Shares of the company reached a 52-week high of $13.49 on 06/18/24 and a 52-week low of $10.77 on 04/15/24. A 50-day SMA is recorded $12.64, while a 200-day SMA reached $11.70. Nevertheless, trading volume fell to 0.11 million shares from 0.31 million shares the previous day.
Support And Resistance Levels for Whitestone REIT (WSR)
According to the 24-hour chart, there is a support level at 13.15, which, if violated, would cause prices to drop to 13.10. In the upper region, resistance lies at 13.25. The next price resistance is at 13.30. RSI (Relative Strength Index) is 42.95 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 41.48%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
