Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Sabra Healthcare REIT Inc shares valued at $101,010 were purchased by Cusack Catherine on May 22 ’24. At $14.43 per share, Cusack Catherine acquired 7,000 shares. The insider’s holdings grew to 46,385 shares worth approximately $0.81 million following the completion of this transaction.
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Also, FOSTER MICHAEL J sold 10,000 shares, netting a total of over 146,830 in proceeds. Following the sale of shares at $14.68 each, the insider now holds 63,923 shares.
As published in their initiating research note from Deutsche Bank on January 30, 2024, Sabra Healthcare REIT Inc [SBRA] has been a Buy and the price target has been revised to $21. Analysts at BMO Capital Markets downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in mid October. As of October 16, 2023, Wells Fargo has increased its “an Underweight” rating to a “an Equal weight” for SBRA. Earlier on October 10, 2023, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for SBRA stock which previously was a “a Neutral”.
Analyzing SBRA Stock Performance
During the last five days, there has been a surge of approximately 3.87%. Over the course of the year, Sabra Healthcare REIT Inc shares have jumped approximately 22.21%. Shares of the company reached a 52-week high of $17.65 on 09/05/24 and a 52-week low of $12.83 on 02/05/24. A 50-day SMA is recorded $16.22, while a 200-day SMA reached $14.64. Nevertheless, trading volume fell to 1.58 million shares from 2.49 million shares the previous day.
Support And Resistance Levels for Sabra Healthcare REIT Inc (SBRA)
According to the 24-hour chart, there is a support level at 17.30, which, if violated, would cause prices to drop to 17.15. In the upper region, resistance lies at 17.62. The next price resistance is at 17.79. RSI (Relative Strength Index) is 69.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.59, which suggests the price will decrease in the coming days. Percent R is at 11.67%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
