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A Guide To The Risks Of Investing In Franklin Street Properties Corp. (FSP)

Franklin Street Properties Corp.’s filing revealed that its Director HANSEN BRIAN N acquired Company’s shares for reported $0.12 million on Mar 04 ’24. In the deal valued at $2.33 per share,50,000 shares were bought. As a result of this transaction, HANSEN BRIAN N now holds 1,191,656 shares worth roughly $1.79 million.

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Then, HANSEN BRIAN N bought 40,000 shares, generating $83,732 in total proceeds. Upon buying the shares at $2.09, the Director now owns 1,141,656 shares.

Before that, HANSEN BRIAN N bought 35,000 shares. Franklin Street Properties Corp. shares valued at $73,388 were divested by the Director at a price of $2.10 per share. As a result of the transaction, HANSEN BRIAN N now holds 1,101,656 shares, worth roughly $1.65 million.

Robert W. Baird downgraded its Franklin Street Properties Corp. [FSP] rating to a Neutral from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who decreased its forecast for the stock in early January from “a Market perform” to “an Underperform”. BMO Capital Markets also remained covering FSP and has increased its forecast on November 02, 2018 with a “Market perform” recommendation from previously “an Underperform” rating. B. Riley FBR revised its rating on November 01, 2018. It rated FSP as “a Buy” which previously was an “a Neutral”.

Price Performance Review of FSP

On Tuesday, Franklin Street Properties Corp. [AMEX:FSP] saw its stock fall -3.23% to $1.50. Over the last five days, the stock has lost -3.23%. Franklin Street Properties Corp. shares have fallen nearly -41.41% since the year began. Nevertheless, the stocks have fallen -2.70% over the past one year. While a 52-week high of $2.72 was reached on 01/08/24, a 52-week low of $1.48 was recorded on 06/27/24. SMA at 50 days reached $1.7776, while 200 days put it at $2.1083. A total of 0.5 million shares were traded, compared to the trading of 0.48 million shares in the previous session.

Levels Of Support And Resistance For FSP Stock

The 24-hour chart illustrates a support level at 1.4800, which if violated will result in even more drops to 1.4600. On the upside, there is a resistance level at 1.5400. A further resistance level may holdings at 1.5800. The Relative Strength Index (RSI) on the 14-day chart is 33.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0248, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.31%. Stochastics%K at 17.95% indicates the stock is a buying.

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