Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Regency Centers Corporation shares valued at $387,820 were purchased by WIBBENMEYER NICHOLAS ANDREW on Aug 09 ’24. At $69.89 per share, WIBBENMEYER NICHOLAS ANDREW acquired 5,549 shares.
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Also, STEIN MARTIN E JR sold 25,000 shares, netting a total of over 1,750,000 in proceeds. Following the sale of shares at $70.00 each, the insider now holds 307,199 shares.
Before that, STEIN MARTIN E JR had added 25,000 shares to its account. In a trade valued at $1,750,000, the Officer bought Regency Centers Corporation shares for $70.00 each.
As published in a research note from Mizuho on July 09, 2024, Regency Centers Corporation [REG] has been rated up from a Neutral to an Outperform and the price target has been revised to $67 from $61. Analysts at Mizuho started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid April. As of February 01, 2024, Wells Fargo has initiated its “an Overweight” rating for REG. Earlier on January 30, 2024, Deutsche Bank initiated its rating. Their recommendation was “a Buy” for REG stock.
Analyzing REG Stock Performance
During the last five days, there has been a surge of approximately 0.93%. Over the course of the year, Regency Centers Corporation shares have jumped approximately 4.87%. Shares of the company reached a 52-week high of $71.30 on 08/02/24 and a 52-week low of $56.51 on 04/16/24. A 50-day SMA is recorded $64.43, while a 200-day SMA reached $62.25. Nevertheless, trading volume fell to 0.66 million shares from 0.94 million shares the previous day.
Support And Resistance Levels for Regency Centers Corporation (REG)
According to the 24-hour chart, there is a support level at 69.79, which, if violated, would cause prices to drop to 69.32. In the upper region, resistance lies at 70.69. The next price resistance is at 71.12. RSI (Relative Strength Index) is 65.63 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.10, which suggests the price will increase in the coming days. Percent R is at 14.13%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
