Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Four Corners Property Trust Inc shares valued at $177,569 were sold by MOODY JOHN S on Jun 12 ’24. At $24.56 per share, MOODY JOHN S sold 7,230 shares. The insider’s holdings dropped to 61,108 shares worth approximately $1.76 million following the completion of this transaction.
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Also, Lenehan William H purchased 6,230 shares, netting a total of over 149,832 in proceeds. Following the buying of shares at $24.05 each, the insider now holds 620,394 shares.
Before that, HANSEN DOUGLAS B had added 4,950 shares to its account. In a trade valued at $107,613, the Director bought Four Corners Property Trust Inc shares for $21.74 each. Upon closing the transaction, the insider’s holdings increased to 4,950 shares, worth approximately $76320.0.
As published in their initiating research note from JMP Securities on July 08, 2024, Four Corners Property Trust Inc [FCPT] has been a Mkt perform. Analysts at Wells Fargo started covering the stock with ‘”an Overweight”‘ outlook in a report released in late September. As of November 21, 2022, Evercore ISI has decreased its “an Outperform” rating to a “an In-line” for FCPT.
Analyzing FCPT Stock Performance
During the last five days, there has been a surge of approximately 2.97%. Over the course of the year, Four Corners Property Trust Inc shares have jumped approximately 13.83%. Shares of the company reached a 52-week high of $29.30 on 09/05/24 and a 52-week low of $22.38 on 04/17/24. A 50-day SMA is recorded $26.71, while a 200-day SMA reached $24.76. Nevertheless, trading volume fell to 0.99 million shares from 0.61 million shares the previous day.
Support And Resistance Levels for Four Corners Property Trust Inc (FCPT)
According to the 24-hour chart, there is a support level at 28.60, which, if violated, would cause prices to drop to 28.40. In the upper region, resistance lies at 29.15. The next price resistance is at 29.50. RSI (Relative Strength Index) is 73.94 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.97, which suggests the price will decrease in the coming days. Percent R is at 19.69%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
