Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. NexPoint Residential Trust Inc shares valued at $78,801 were sold by Mitts Brian on Jun 28 ’24. At $39.40 per share, Mitts Brian sold 2,000 shares. The insider’s holdings dropped to 65,696 shares worth approximately $2.57 million following the completion of this transaction.
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Also, Mitts Brian sold 5,000 shares, netting a total of over 171,250 in proceeds. Following the sale of shares at $34.25 each, the insider now holds 66,947 shares.
Before that, Mitts Brian had sold 5,000 shares from its account. In a trade valued at $168,700, the CFO, EVP Finance, Secy & Treas traded NexPoint Residential Trust Inc shares for $33.74 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $2.46 million.
As published in a research note from Raymond James on May 24, 2024, NexPoint Residential Trust Inc [NXRT] has been rated up from an Underperform to a Mkt perform. Analysts at Raymond James downgraded the stock from ‘”a Mkt perform”‘ to ‘”an Underperform”‘ outlook in a report released in mid March. As of January 30, 2024, Deutsche Bank has initiated its “Buy” rating for NXRT. Earlier on December 20, 2023, Janney downgraded its rating. Their new recommendation was “a Neutral” for NXRT stock which previously was a “a Buy”.
Analyzing NXRT Stock Performance
During the last five days, there has been a surge of approximately 2.76%. Over the course of the year, NexPoint Residential Trust Inc shares have jumped approximately 13.45%. Shares of the company reached a 52-week high of $39.79 on 07/02/24 and a 52-week low of $28.20 on 02/28/24. A 50-day SMA is recorded $36.45, while a 200-day SMA reached $32.61. Nevertheless, trading volume fell to 64770.0 shares from 0.24 million shares the previous day.
Support And Resistance Levels for NexPoint Residential Trust Inc (NXRT)
According to the 24-hour chart, there is a support level at 38.31, which, if violated, would cause prices to drop to 37.99. In the upper region, resistance lies at 39.24. The next price resistance is at 39.84. RSI (Relative Strength Index) is 64.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.04, which suggests the price will increase in the coming days. Percent R is at 35.26%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
