Regency Centers Corporation’s recent filing unveils that its Officer STEIN MARTIN E JR acquired Company’s shares for reported $1.75 million on Aug 02 ’24. In the deal valued at $70.00 per share,25,000 shares were bought.
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Then, PALMER LISA sold 25,306 shares, generating $1,549,307 in total proceeds. Upon selling the shares at $61.22, the President and CEO now owns 130,001 shares.
Before that, STEIN MARTIN E JR sold 25,000 shares. Regency Centers Corporation shares valued at $1,700,000 were divested by the Executive Chairman at a price of $68.00 per share. As a result of the transaction, STEIN MARTIN E JR now holds 311,899 shares, worth roughly $21.92 million.
Mizuho upgraded its Regency Centers Corporation [REG] rating to an Outperform from a a Neutral in a research note published on July 09, 2024; the price target was increased to $67 from $61. A number of analysts have revised their coverage, including Mizuho’s analysts, who began to cover the stock in mid April with a ‘”a Neutral”‘ rating. Wells Fargo began covering REG with “an Overweight” recommendation on February 01, 2024. Deutsche Bank started covering the stock on January 30, 2024. It rated REG as “a Buy”.
Price Performance Review of REG
On Friday, Regency Centers Corporation [NASDAQ:REG] saw its stock jump 2.52% to $70.29. Over the last five days, the stock has gained 7.54%. Regency Centers Corporation shares have risen nearly 4.91% since the year began. Nevertheless, the stocks have risen 7.00% over the past one year. While a 52-week high of $68.68 was reached on 08/02/24, a 52-week low of $56.29 was recorded on 04/16/24. SMA at 50 days reached $62.87, while 200 days put it at $61.82. A total of 2.0 million shares were traded, compared to the trading of 1.37 million shares in the previous session.
Levels Of Support And Resistance For REG Stock
The 24-hour chart illustrates a support level at 69.04, which if violated will result in even more drops to 67.79. On the upside, there is a resistance level at 71.42. A further resistance level may holdings at 72.55. The Relative Strength Index (RSI) on the 14-day chart is 73.12, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.15, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.72%. Stochastics%K at 86.32% indicates the stock is a selling.
