In a filing, Sun Communities, Inc. revealed its CEO – Safe Harbor Marinas, LLC Underwood Baxter unloaded Company’s shares for reported $0.39 million on Aug 05 ’24. In the deal valued at $131.43 per share,3,000 shares were sold. As a result of this transaction, Underwood Baxter now holds 63,462 shares worth roughly $8.35 million.
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Then, Leupold Craig sold 2,500 shares, generating $320,986 in total proceeds. Upon selling the shares at $128.39, the Director now owns 0 shares.
Before that, Underwood Baxter sold 4,000 shares. Sun Communities, Inc. shares valued at $525,920 were divested by the CEO – Safe Harbor Marinas, LLC at a price of $131.48 per share. As a result of the transaction, Underwood Baxter now holds 66,852 shares, worth roughly $8.79 million.
Deutsche Bank initiated its Sun Communities, Inc. [SUI] rating to a Hold in a research note published on January 30, 2024; the price target was $129. A number of analysts have revised their coverage, including Truist’s analysts, who decreased its forecast for the stock in mid January from “a Buy” to “a Hold”. Compass Point began covering SUI with “Neutral” recommendation on October 10, 2023. BofA Securities revised its rating on October 02, 2023. It rated SUI as “a Neutral” which previously was an “a Buy”.
Price Performance Review of SUI
On Friday, Sun Communities, Inc. [NYSE:SUI] saw its stock jump 0.75% to $131.50. Over the last five days, the stock has gained 0.78%. Sun Communities, Inc. shares have fallen nearly -1.61% since the year began. Nevertheless, the stocks have risen 8.43% over the past one year. While a 52-week high of $137.45 was reached on 01/10/24, a 52-week low of $102.74 was recorded on 04/30/24. SMA at 50 days reached $123.07, while 200 days put it at $124.89.
Levels Of Support And Resistance For SUI Stock
The 24-hour chart illustrates a support level at 130.12, which if violated will result in even more drops to 128.75. On the upside, there is a resistance level at 132.31. A further resistance level may holdings at 133.13. The Relative Strength Index (RSI) on the 14-day chart is 59.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.83%. Stochastics%K at 60.78% indicates the stock is a holding.
How much short interest is there in Sun Communities, Inc.?
A steep rise in short interest was recorded in Sun Communities, Inc. stocks on 2024-07-31, growing by 75436.0 shares to a total of 1.54 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 1.46 million shares. There was a rise of 4.91%, which implies that there is a positive sentiment for the stock.
