Simon Property Group, Inc.’s recent filing unveils that its Director LEIBOWITZ REUBEN S acquired Company’s shares for reported $72983.0 on Jun 28 ’24. In the deal valued at $150.17 per share,486 shares were bought. As a result of this transaction, LEIBOWITZ REUBEN S now holds 55,001 shares worth roughly $9.2 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, STEWART MARTA R bought 184 shares, generating $27,631 in total proceeds. Upon buying the shares at $150.17, the Director now owns 14,115 shares.
Before that, SELIG STEFAN M bought 195 shares. Simon Property Group, Inc. shares valued at $29,283 were divested by the Director at a price of $150.17 per share. As a result of the transaction, SELIG STEFAN M now holds 29,891 shares, worth roughly $5.0 million.
Morgan Stanley downgraded its Simon Property Group, Inc. [SPG] rating to an Equal-weight from a an Overweight in a research note published on December 21, 2023; the price target was increased to $143 from $132. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who decreased its forecast for the stock in early August from “an Outperform” to “an In-line”. Wolfe Research also remained covering SPG and has increased its forecast on July 06, 2023 with a “an Outperform” recommendation from previously “Peer perform” rating.
Price Performance Review of SPG
On Friday, Simon Property Group, Inc. [NYSE:SPG] saw its stock jump 1.12% to $167.35. Over the last five days, the stock has gained 0.51%. Simon Property Group, Inc. shares have risen nearly 17.32% since the year began. Nevertheless, the stocks have risen 47.43% over the past one year. While a 52-week high of $169.18 was reached on 08/27/24, a 52-week low of $102.11 was recorded on 02/05/24. SMA at 50 days reached $154.28, while 200 days put it at $146.43.
Levels Of Support And Resistance For SPG Stock
The 24-hour chart illustrates a support level at 165.72, which if violated will result in even more drops to 164.09. On the upside, there is a resistance level at 168.24. A further resistance level may holdings at 169.13. The Relative Strength Index (RSI) on the 14-day chart is 65.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.54, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.21%. Stochastics %K at 86.39% indicates the stock is a selling.
How much short interest is there in Simon Property Group, Inc.?
A steep rise in short interest was recorded in Simon Property Group, Inc. stocks on 2024-08-15, growing by 0.32 million shares to a total of 4.88 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 4.56 million shares. There was a rise of 6.57%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 18, 2022 when Wolfe Research began covering the stock and recommended ‘”a Peer perform”‘ rating.
