Eastgroup Properties, Inc.’s filing revealed that its Executive Vice President & CFO WOOD BRENT unloaded Company’s shares for reported $0.46 million on Feb 13 ’24. In the deal valued at $182.74 per share,2,500 shares were sold. As a result of this transaction, WOOD BRENT now holds 102,617 shares worth roughly $18.74 million.
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Then, COLEMAN JOHN F sold 1,000 shares, generating $173,052 in total proceeds. Upon selling the shares at $173.05, the Executive Vice President now owns 90,305 shares.
Wedbush upgraded its Eastgroup Properties, Inc. [EGP] rating to an Outperform from a a Neutral in a research note published on July 22, 2024; the price target was increased to $208 from $162. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who began to cover the stock in early June with a ‘”a Neutral”‘ rating. BMO Capital Markets began covering EGP with “an Outperform” recommendation on April 22, 2024. JP Morgan started covering the stock on April 11, 2024. It rated EGP as “a Neutral”.
Price Performance Review of EGP
On Tuesday, Eastgroup Properties, Inc. [NYSE:EGP] saw its stock jump 1.84% to $182.65. Over the last five days, the stock has lost -2.65%. Eastgroup Properties, Inc. shares have fallen nearly -0.48% since the year began. Nevertheless, the stocks have risen 4.70% over the past one year. While a 52-week high of $192.61 was reached on 07/24/24, a 52-week low of $154.75 was recorded on 04/25/24. SMA at 50 days reached $174.29, while 200 days put it at $173.76. A total of 0.24 million shares were traded, compared to the trading of 0.42 million shares in the previous session.
Levels Of Support And Resistance For EGP Stock
The 24-hour chart illustrates a support level at 179.40, which if violated will result in even more drops to 176.16. On the upside, there is a resistance level at 185.15. A further resistance level may holdings at 187.66. The Relative Strength Index (RSI) on the 14-day chart is 51.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.87, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.40%. Stochastics%K at 19.88% indicates the stock is a buying.
The most recent change occurred on March 27, 2024 when Barclays began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $181 price target.
