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STAG Industrial Inc [STAG] stock for 1,044,219 USD was sold by Butcher Benjamin S

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. STAG Industrial Inc shares valued at $1,044,219 were sold by Butcher Benjamin S on Jun 06 ’24. At $34.81 per share, Butcher Benjamin S sold 30,000 shares. The insider’s holdings dropped to 8,304 shares worth approximately $0.3 million following the completion of this transaction.

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Also, Butcher Benjamin S sold 50,000 shares, netting a total of over 1,952,890 in proceeds. Following the sale of shares at $39.06 each, the insider now holds 8,304 shares.

Before that, Paul Jaclyn had sold 12,900 shares from its account. In a trade valued at $497,553, the CHIEF ACCOUNTING OFFICER traded STAG Industrial Inc shares for $38.57 each. Upon closing the transaction, the insider’s holdings decreased to 12,900 shares, worth approximately $0.39 million.

As published in their initiating research note from Exane BNP Paribas on June 04, 2024, STAG Industrial Inc [STAG] has been a Neutral and the price target has been revised to $39. Analysts at Barclays started covering the stock with ‘”an Equal weight”‘ outlook in a report released in late March. As of January 05, 2024, Robert W. Baird has decreased its “an Outperform” rating to a “Neutral” for STAG. Earlier on November 03, 2023, RBC Capital Mkts downgraded its rating. Their new recommendation was “a Sector perform” for STAG stock which previously was a “an Outperform”.

Analyzing STAG Stock Performance

During the last five days, there has been a surge of approximately 2.85%. Over the course of the year, STAG Industrial Inc shares have dropped approximately -8.18%. Shares of the company reached a 52-week high of $39.61 on 01/02/24 and a 52-week low of $34.09 on 05/01/24. A 50-day SMA is recorded $35.26, while a 200-day SMA reached $36.24. Nevertheless, trading volume fell to 0.53 million shares from 1.02 million shares the previous day.

Support And Resistance Levels for STAG Industrial Inc (STAG)

According to the 24-hour chart, there is a support level at 35.90, which, if violated, would cause prices to drop to 35.72. In the upper region, resistance lies at 36.32. The next price resistance is at 36.56. RSI (Relative Strength Index) is 57.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.40, which suggests the price will decrease in the coming days. Percent R is at 17.68%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

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