The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. COPT Defense Properties shares valued at $111,192 were sold by DENTON ROBERT L on May 14 ’24. At $24.58 per share, DENTON ROBERT L sold 4,523 shares. The insider’s holdings dropped to 4,398 shares worth approximately $0.12 million following the completion of this transaction.
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Also, Trimberger Lisa G sold 7,357 shares, netting a total of over 187,444 in proceeds. Following the sale of shares at $25.48 each, the insider now holds 16,863 shares.
Before that, Snider Britt A. had added 1,000 shares to its account. In a trade valued at $25,110, the EVP & COO bought COPT Defense Properties shares for $25.11 each. Upon closing the transaction, the insider’s holdings increased to 1,000 shares, worth approximately $27230.0.
As published in a research note from Citigroup on March 22, 2024, COPT Defense Properties [CDP] has been rated down from a Buy to a Neutral and the price target has been revised to $25 from $29. Analysts at Jefferies upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late February. As of February 12, 2024, Evercore ISI has increased its “an In-line” rating to a “an Outperform” for CDP. Earlier on December 18, 2023, JP Morgan downgraded its rating. Their new recommendation was “a Neutral” for CDP stock which previously was a “an Overweight”.
Analyzing CDP Stock Performance
During the last five days, there has been a surge of approximately 1.79%. Over the course of the year, COPT Defense Properties shares have jumped approximately 6.24%. Shares of the company reached a 52-week high of $27.92 on 07/24/24 and a 52-week low of $22.20 on 04/18/24. A 50-day SMA is recorded $25.05, while a 200-day SMA reached $24.39. Nevertheless, trading volume fell to 0.72 million shares from 0.72 million shares the previous day.
Support And Resistance Levels for COPT Defense Properties (CDP)
According to the 24-hour chart, there is a support level at 26.99, which, if violated, would cause prices to drop to 26.76. In the upper region, resistance lies at 27.69. The next price resistance is at 28.16. RSI (Relative Strength Index) is 68.77 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.89, which suggests the price will decrease in the coming days. Percent R is at 24.73%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.
