Welltower Inc.’s filing revealed that its Director BACON KENNETH J unloaded Company’s shares for reported $0.19 million on Jun 04 ’24. In the deal valued at $103.91 per share,1,800 shares were sold. As a result of this transaction, BACON KENNETH J now holds 14,579 shares worth roughly $1.82 million.
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Exane BNP Paribas initiated its Welltower Inc. [WELL] rating to an Outperform in a research note published on March 18, 2024; the price target was $104. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in late January with a ‘”a Buy”‘ rating. JP Morgan also remained covering WELL and has increased its forecast on December 18, 2023 with a “an Overweight” recommendation from previously “Neutral” rating. RBC Capital Mkts revised its rating on November 28, 2023. It rated WELL as “a Sector perform” which previously was an “an Outperform”.
Price Performance Review of WELL
On Friday, Welltower Inc. [NYSE:WELL] saw its stock jump 0.48% to $124.60. Over the last five days, the stock has gained 3.36%. Welltower Inc. shares have risen nearly 38.18% since the year began. Nevertheless, the stocks have risen 51.99% over the past one year. While a 52-week high of $125.50 was reached on 09/05/24, a 52-week low of $78.38 was recorded on 02/13/24. SMA at 50 days reached $112.60, while 200 days put it at $98.13.
Levels Of Support And Resistance For WELL Stock
The 24-hour chart illustrates a support level at 123.46, which if violated will result in even more drops to 122.31. On the upside, there is a resistance level at 125.29. A further resistance level may holdings at 125.97. The Relative Strength Index (RSI) on the 14-day chart is 78.47, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.19, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.72%. Stochastics %K at 90.89% indicates the stock is a selling.
How much short interest is there in Welltower Inc.?
A steep rise in short interest was recorded in Welltower Inc. stocks on 2024-08-15, dropping by -1.03 million shares to a total of 9.71 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 10.74 million shares. There was a decline of -10.6%, which implies that there is a negative sentiment for the stock.
