W. P. Carey Inc’s recently made public that its Director ALEXANDER MARK A acquired Company’s shares for reported $0.11 million on Aug 16 ’24. In the deal valued at $57.03 per share,2,000 shares were bought. As a result of this transaction, ALEXANDER MARK A now holds 40,124 shares worth roughly $2.41 million.
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Then, ALEXANDER MARK A bought 3,500 shares, generating $195,531 in total proceeds. Upon buying the shares at $55.87, the Director now owns 38,124 shares.
Before that, Zander Brian H sold 500 shares. W. P. Carey Inc shares valued at $28,375 were divested by the Chief Accounting Officer at a price of $56.75 per share. As a result of the transaction, Zander Brian H now holds 7,677 shares, worth roughly $0.46 million.
UBS initiated its W. P. Carey Inc [WPC] rating to a Neutral in a research note published on May 31, 2024; the price target was $57. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in late March with a ‘”an Equal weight”‘ rating. Raymond James also remained covering WPC and has decreased its forecast on February 12, 2024 with a “Mkt perform” recommendation from previously “an Outperform” rating. JMP Securities revised its rating on November 13, 2023. It rated WPC as “a Mkt perform” which previously was an “a Mkt outperform”.
Price Performance Review of WPC
On Friday, W. P. Carey Inc [NYSE:WPC] saw its stock jump 1.33% to $60.02. Over the last five days, the stock has lost -0.05%. W. P. Carey Inc shares have fallen nearly -7.39% since the year began. Nevertheless, the stocks have fallen -5.76% over the past one year. While a 52-week high of $67.40 was reached on 01/12/24, a 52-week low of $50.28 was recorded on 04/16/24. SMA at 50 days reached $57.56, while 200 days put it at $58.69.
Levels Of Support And Resistance For WPC Stock
The 24-hour chart illustrates a support level at 59.43, which if violated will result in even more drops to 58.84. On the upside, there is a resistance level at 60.38. A further resistance level may holdings at 60.74. The Relative Strength Index (RSI) on the 14-day chart is 61.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.99, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 12.83%. Stochastics %K at 81.91% indicates the stock is a selling.
How much short interest is there in W. P. Carey Inc?
A steep rise in short interest was recorded in W. P. Carey Inc stocks on 2024-08-15, dropping by -0.12 million shares to a total of 3.26 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 3.37 million shares. There was a decline of -3.6%, which implies that there is a negative sentiment for the stock.
