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Checking in on Farmland Partners Inc (FPI) after recent insiders movement

Farmland Partners Inc’s recent filing unveils that its Director Good John A acquired Company’s shares for reported $0.24 million on Aug 07 ’24. In the deal valued at $10.15 per share,24,000 shares were bought. As a result of this transaction, Good John A now holds 86,465 shares worth roughly $0.87 million.

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Then, Fabbri Luca bought 1,000 shares, generating $10,000 in total proceeds. Upon buying the shares at $10.00, the President and CEO now owns 321,344 shares.

Before that, Pittman Paul A bought 31,048 shares. Farmland Partners Inc shares valued at $319,403 were divested by the Executive Chairman at a price of $10.29 per share. As a result of the transaction, Pittman Paul A now holds 1,298,505 shares, worth roughly $13.06 million.

A number of analysts have revised their coverage, including Janney’s analysts, who increased its forecast for the stock in mid January from “a Neutral” to “a Buy”. ROTH Capital began covering FPI with “Buy” recommendation on June 21, 2022. Berenberg started covering the stock on October 14, 2021. It rated FPI as “a Buy”.

Price Performance Review of FPI

On Tuesday, Farmland Partners Inc [NYSE:FPI] saw its stock fall -1.18% to $10.06. Over the last five days, the stock has gained 1.00%. Farmland Partners Inc shares have fallen nearly -19.39% since the year began. Nevertheless, the stocks have fallen -9.03% over the past one year. While a 52-week high of $12.98 was reached on 01/02/24, a 52-week low of $9.70 was recorded on 08/05/24. SMA at 50 days reached $11.05, while 200 days put it at $11.30.

Levels Of Support And Resistance For FPI Stock

The 24-hour chart illustrates a support level at 10.00, which if violated will result in even more drops to 9.94. On the upside, there is a resistance level at 10.17. A further resistance level may holdings at 10.28. The Relative Strength Index (RSI) on the 14-day chart is 34.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.78%. Stochastics%K at 26.13% indicates the stock is a holding.

How much short interest is there in Farmland Partners Inc?

A steep rise in short interest was recorded in Farmland Partners Inc stocks on , growing by 0.25 million shares to a total of 3.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 3.32 million shares. There was a rise of 7.06%, which implies that there is a positive sentiment for the stock.

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