Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Equity Lifestyle Properties Inc. shares valued at $1,462,093 were sold by Waite Patrick on Aug 16 ’24. At $70.23 per share, Waite Patrick sold 20,820 shares. The insider’s holdings dropped to 221,777 shares worth approximately $16.11 million following the completion of this transaction.
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Also, Waite Patrick purchased 20,820 shares, netting a total of over 1,460,523 in proceeds.
As published in a research note from Wolfe Research on February 09, 2024, Equity Lifestyle Properties Inc. [ELS] has been rated up from a Peer perform to an Outperform and the price target has been revised to $75. Analysts at Deutsche Bank started covering the stock with ‘”a Hold”‘ outlook in a report released in late January. As of January 16, 2024, Truist has decreased its “Buy” rating to a “Hold” for ELS. Earlier on October 23, 2023, BofA Securities downgraded its rating. Their new recommendation was “a Neutral” for ELS stock which previously was a “a Buy”.
Analyzing ELS Stock Performance
During the last five days, there has been a surge of approximately 3.17%. Over the course of the year, Equity Lifestyle Properties Inc. shares have jumped approximately 2.95%. Shares of the company reached a 52-week high of $73.28 on 08/02/24 and a 52-week low of $59.82 on 04/30/24. A 50-day SMA is recorded $68.49, while a 200-day SMA reached $66.69. Nevertheless, trading volume fell to 0.93 million shares from 1.08 million shares the previous day.
Support And Resistance Levels for Equity Lifestyle Properties Inc. (ELS)
According to the 24-hour chart, there is a support level at 71.97, which, if violated, would cause prices to drop to 71.32. In the upper region, resistance lies at 73.20. The next price resistance is at 73.77. RSI (Relative Strength Index) is 63.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.31, which suggests the price will increase in the coming days. Percent R is at 14.16%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
