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Keeping an Eye on Gladstone Commercial Corp (GOOD) After Insider Trading Activity

In a filing, Gladstone Commercial Corp revealed its Chief Financial Officer Gerson Gary acquired Company’s shares for reported $9496.0 on Aug 09 ’24. In the deal valued at $14.61 per share,650 shares were bought. As a result of this transaction, Gerson Gary now holds 14,550 shares worth roughly $0.21 million.

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Then, Gerson Gary bought 400 shares, generating $5,344 in total proceeds. Upon buying the shares at $13.36, the Chief Financial Officer now owns 13,900 shares.

Alliance Global Partners initiated its Gladstone Commercial Corp [GOOD] rating to a Buy in a research note published on March 18, 2024; the price target was $15.50. A number of analysts have revised their coverage, including Janney’s analysts, who decreased its forecast for the stock in mid January from “a Buy” to “a Neutral”. Colliers Securities began covering GOOD with “Buy” recommendation on June 03, 2021. Aegis Capital started covering the stock on April 13, 2021. It rated GOOD as “a Buy”.

Price Performance Review of GOOD

On Monday, Gladstone Commercial Corp [NASDAQ:GOOD] saw its stock jump 0.82% to $14.68. Over the last five days, the stock has gained 0.48%. Gladstone Commercial Corp shares have risen nearly 10.88% since the year began. Nevertheless, the stocks have risen 11.47% over the past one year. While a 52-week high of $15.32 was reached on 07/31/24, a 52-week low of $11.40 was recorded on 02/28/24. SMA at 50 days reached $14.44, while 200 days put it at $13.54.

Levels Of Support And Resistance For GOOD Stock

The 24-hour chart illustrates a support level at 14.52, which if violated will result in even more drops to 14.35. On the upside, there is a resistance level at 14.84. A further resistance level may holdings at 14.99. The Relative Strength Index (RSI) on the 14-day chart is 52.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 44.44%. Stochastics%K at 54.40% indicates the stock is a holding.

How much short interest is there in Gladstone Commercial Corp?

A steep rise in short interest was recorded in Gladstone Commercial Corp stocks on 2024-07-31, dropping by -0.34 million shares to a total of 0.44 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 0.78 million shares. There was a decline of -76.75%, which implies that there is a negative sentiment for the stock.

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