STAG Industrial Inc’s recently made public that its Director Benjamin S. Butcher acquired Company’s shares for reported $1.39 million on Aug 01 ’24. In the deal valued at $40.81 per share,34,000 shares were bought.
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Then, Butcher Benjamin S sold 34,000 shares, generating $1,386,629 in total proceeds. Upon selling the shares at $40.78, the Director now owns 8,758 shares.
Before that, Butcher Benjamin S sold 30,000 shares. STAG Industrial Inc shares valued at $1,044,219 were divested by the Director at a price of $34.81 per share. As a result of the transaction, Butcher Benjamin S now holds 8,304 shares, worth roughly $0.33 million.
Wedbush upgraded its STAG Industrial Inc [STAG] rating to an Outperform from a a Neutral in a research note published on July 22, 2024; the price target was increased to $44 from $38. A number of analysts have revised their coverage, including Wedbush’s analysts, who began to cover the stock in mid July with a ‘”a Neutral”‘ rating. Exane BNP Paribas began covering STAG with “Neutral” recommendation on June 04, 2024. Barclays started covering the stock on March 27, 2024. It rated STAG as “an Equal weight”.
Price Performance Review of STAG
On Tuesday, STAG Industrial Inc [NYSE:STAG] saw its stock jump 0.95% to $39.48. Over the last five days, the stock has gained 0.05%. STAG Industrial Inc shares have risen nearly 0.56% since the year began. Nevertheless, the stocks have risen 10.37% over the past one year. While a 52-week high of $41.63 was reached on 07/31/24, a 52-week low of $31.69 was recorded on 05/01/24. SMA at 50 days reached $37.34, while 200 days put it at $36.90.
Levels Of Support And Resistance For STAG Stock
The 24-hour chart illustrates a support level at 39.19, which if violated will result in even more drops to 38.91. On the upside, there is a resistance level at 39.66. A further resistance level may holdings at 39.85. The Relative Strength Index (RSI) on the 14-day chart is 55.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.46, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.95%. Stochastics%K at 38.37% indicates the stock is a holding.
How much short interest is there in STAG Industrial Inc?
A steep rise in short interest was recorded in STAG Industrial Inc stocks on
