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Mizuho upgrades Regency Centers Corporation (REG) rating to an Outperform

Regency Centers Corporation’s recently made public that its Officer ROTH ALAN TODD acquired Company’s shares for reported $0.3 million on Aug 14 ’24. In the deal valued at $70.36 per share,4,250 shares were bought.

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Then, HERMAN MICHAEL R bought 1,000 shares, generating $69,569 in total proceeds.

Before that, HERMAN MICHAEL R sold 1,000 shares. Regency Centers Corporation shares valued at $69,569 were divested by the Senior VP and General Counsel at a price of $69.57 per share. As a result of the transaction, HERMAN MICHAEL R now holds 13,010 shares, worth roughly $0.93 million.

Mizuho upgraded its Regency Centers Corporation [REG] rating to an Outperform from a a Neutral in a research note published on July 09, 2024; the price target was increased to $67 from $61. A number of analysts have revised their coverage, including Mizuho’s analysts, who began to cover the stock in mid April with a ‘”a Neutral”‘ rating. Wells Fargo began covering REG with “an Overweight” recommendation on February 01, 2024. Deutsche Bank started covering the stock on January 30, 2024. It rated REG as “a Buy”.

Price Performance Review of REG

On Friday, Regency Centers Corporation [NASDAQ:REG] saw its stock jump 0.96% to $71.42. Over the last five days, the stock has gained 2.36%. Regency Centers Corporation shares have risen nearly 6.60% since the year began. Nevertheless, the stocks have risen 16.68% over the past one year. While a 52-week high of $71.30 was reached on 08/23/24, a 52-week low of $56.29 was recorded on 04/16/24. SMA at 50 days reached $65.76, while 200 days put it at $62.60.

Levels Of Support And Resistance For REG Stock

The 24-hour chart illustrates a support level at 70.93, which if violated will result in even more drops to 70.44. On the upside, there is a resistance level at 71.82. A further resistance level may holdings at 72.22. The Relative Strength Index (RSI) on the 14-day chart is 68.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.75, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 8.31%. Stochastics%K at 88.69% indicates the stock is a selling.

How much short interest is there in Regency Centers Corporation?

A steep rise in short interest was recorded in Regency Centers Corporation stocks on 2024-07-31, dropping by -0.72 million shares to a total of 1.89 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 2.62 million shares. There was a decline of -38.21%, which implies that there is a negative sentiment for the stock.

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