COPT Defense Properties’s recent filing unveils that its Director DENTON ROBERT L unloaded Company’s shares for reported $0.11 million on May 14 ’24. In the deal valued at $24.58 per share,4,523 shares were sold. As a result of this transaction, DENTON ROBERT L now holds 4,398 shares worth roughly $0.12 million.
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Then, Trimberger Lisa G sold 7,357 shares, generating $187,444 in total proceeds. Upon selling the shares at $25.48, the Director now owns 16,863 shares.
Before that, Snider Britt A. bought 1,000 shares. COPT Defense Properties shares valued at $25,110 were divested by the EVP & COO at a price of $25.11 per share. As a result of the transaction, Snider Britt A. now holds 1,000 shares, worth roughly $28270.0.
Citigroup downgraded its COPT Defense Properties [CDP] rating to a Neutral from a a Buy in a research note published on March 22, 2024; the price target was decreased to $25 from $29. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in late February from “a Hold” to “a Buy”. Evercore ISI also remained covering CDP and has increased its forecast on February 12, 2024 with a “an Outperform” recommendation from previously “an In-line” rating. JP Morgan revised its rating on December 18, 2023. It rated CDP as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of CDP
On Friday, COPT Defense Properties [NYSE:CDP] saw its stock jump 1.76% to $28.27. Over the last five days, the stock has gained 5.96%. COPT Defense Properties shares have risen nearly 10.30% since the year began. Nevertheless, the stocks have risen 7.90% over the past one year. While a 52-week high of $28.11 was reached on 07/26/24, a 52-week low of $22.20 was recorded on 04/18/24. SMA at 50 days reached $25.19, while 200 days put it at $24.44. A total of 0.6 million shares were traded, compared to the trading of 0.76 million shares in the previous session.
Levels Of Support And Resistance For CDP Stock
The 24-hour chart illustrates a support level at 27.99, which if violated will result in even more drops to 27.70. On the upside, there is a resistance level at 28.49. A further resistance level may holdings at 28.70. The Relative Strength Index (RSI) on the 14-day chart is 76.12, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.94, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 4.58%. Stochastics%K at 86.52% indicates the stock is a selling.
The most recent change occurred on October 03, 2023 when Wedbush began covering the stock and recommended ‘”an Outperform”‘ rating along with a $27 price target.
